Will Chinese dollar denominated exports grow y-o-y in 2023 | Manifold

Will Chinese dollar denominated exports grow y-o-y in 2023

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In Q2 of 2023, Chinese exports dropped 14.5%

Exports were 21% of GDP in 2022: https://www.theglobaleconomy.com/china/exports/#:~:text=Exports%20of%20goods%20and%20services%20as%20percent%20of%20GDP&text=The%20latest%20value%20from%202022%20is%2020.68%20percent.

China has a growth target of 5%.

Reuters reporting will be used to determine the outcome

China's trade slumps, threatening recovery prospects

China's imports and exports fell much faster than expected in July as weaker demand threatens recovery prospects in the world's second-largest economy, heightening pressure for authorities to release fresh stimulus to steady growth.

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"Last year, China's exports fell for the first time since 2016."

https://www.reuters.com/world/china/chinas-dec-trade-cpi-paint-mixed-economic-picture-start-2024-2024-01-12/

"But for 2023, exports fell 4.6%, the first such annual drop since a 7.7% decline in 2016, according to Wind Information."

https://www.cnbc.com/2024/01/12/china-posts-higher-than-expected-exports-growth-in-december.html

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