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Weakening Demand May Shadow China Exports

CHINA PRESS
MNI (Singapore)

Chinese exporters may face weakening demand after overseas customers replenished inventory in Q1 which had supported the high growth this year, said Mei Xinyu, researcher at the Chinese Academy of International Trade and Economic Cooperation. Though exports grew 7.1% y/y from January to February, they fell short of 2022 levels, said Mei, also pointing to the lower comparison base for the same period last year. Mei emphasised China needs to consolidate its traditional labour-intensive manufacturing base and processing trade to provide the modern service industry and high-end manufacturing with better support facilities. (Source: 21st Century Business Herald)

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