The international trade of China, the second world economy, fell 9.6% year-on-year in the first two months of the year, due in part to the break to which the Asian country has been subjected derived from the prevention and control measures of the epidemic of coronavirus.

From the General Administration of Customs of China they considered that “the decline in imports and exports abroad was affected mainly by factors such as the epidemic of the new coronavirus and the extension of the Chinese New Year holidays”, which the authorities decreed as a measure to prevent the spread of the disease.

“Although the new coronavirus epidemic has had an impact on imports and exports in the short term, China’s foreign trade development is highly resistant – the source added – and companies have a great capacity for adaptation and market development” .

During these months, the agency argued, “the companies have actively negotiated with their foreign partners to extend the delivery of orders and work overtime to complete these orders.”

The source also said that “the impact of the epidemic is temporary and the long-term positive trend for the development of foreign trade has not changed,” reports Efe.

Data released by the General Customs Administration show that in January and February, China’s commercial exchanges with the rest of the world stood at 4.12 billion yuan (equivalent to 526.558 million euros).

Thus, exports decreased 15.9% year-on-year to 2.04 billion yuan (260.725 million euros), while imports fell 2.4% to 2.08 billion yuan (265.837 million euros) , which resulted in a trade deficit of 42,590 million yuan (5,443 million euros).

In the same period of the previous year there was a surplus of 293,480 million yuan (37,506 million euros).

Trade with the largest trading partners, such as the European Union, the United States and Japan fell by 14.2% in the case of Brussels and 15.3% in that of Tokyo.

In the case of exchanges with the United States, a country with which China has maintained a trade war since March 2018, they were reduced by 19.6%, with a decrease in sales to that country of 26.5%, and a Increase in purchases of US products of 4.3%.

The Chinese exports that suffered the most were mobile phones (with an interannual decrease of 14.2%), clothing and the textile industry (both with 18.7% less), footwear (18.8% less), plastic products (14.8% less) or toys, with 25.7% less than in the same period of the previous year. .

Fonte: https://www.archyde.com/coronavirus-epidemic-slows-down-chinese-foreign-trade-which-falls-9-6/