China’s Exports Will Show Negative Growth This Year: Chinese State-Owned Think Tank

China’s Exports Will Show Negative Growth This Year: Chinese State-Owned Think Tank
Workers at a Chinese state-owned factory in Shenyang in China's northeastern Liaoning province 31 May 2000, produce shoes for a US company. Goh Chai Hin/AFP via Getty Images
Jessica Mao
Sean Tseng
Updated:

China’s export growth is expected to turn negative in 2023, a prominent Chinese research institute says in a recent report. Meanwhile, Beijing admitted export trade represents “irreplaceable strategic significance” to the country’s economic stability and employment rate.

In the past two years, China’s total imports and exports accounted for more than 20 to 30 percent of its GDP. Analysts believe that the greater the ratio, the greater the impact on China’s economy and employment amid a downturn.

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