What’s Up With China’s Trade Figures?

China’s trade figures have made an abrupt turn, barreling into the year stronger than ever and then suddenly disappointing.
What’s Up With China’s Trade Figures?
Yantian International Container Terminals iunder heavy storm clouds in Shenzhen, China, on April 11, 2025. Cheng Xin/Getty Images
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Commentary

Economists, statisticians, policymakers, and readers of the financial press have long suspected economic figures coming out of Beijing, or, more specifically, from the Chinese Communist Party (CCP).

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Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”