Hong Kong CNN —China registered a surprise jump in foreign trade at the start of the year, partly because of strong demand from Russia, India and emerging markets in Africa and Latin America.
China’s economy is battling a number of headwinds, including weak consumer and investor confidence, high youth unemployment and a long-running real estate crisis.
Apart from the weak base effect, strong demand from emerging markets helped China’s trade surge at the start of the year.
Meanwhile, China’s exports to Russia increased 12.5%, representing a slowdown from the rapid growth seen last year.
“At the current juncture, it is likely too soon to call for a revival in China’s trade sector,” said HSBC analysts on Thursday.
Persons:
”, Nomura, “, Lynn Song, Biden, Wang Wentao
Organizations:
Hong Kong CNN, Exports, European Union, “, HSBC, Greater China, ING, European Commission, Wall Street
Locations:
Hong Kong, China, Russia, India, Africa, Latin America, Moscow, United States, Japan, Australia, Greater