News Analysis
The Chinese Communist Party (CCP) recently claimed that China’s economic growth is stable, citing a double-digit spike in exports to the Association of Southeast Asian Nations (ASEAN) in March. Some financial institutions revealed that official data could not conclude that China’s exports are rebounding as various factors need to be considered.
On April 18, China’s Bureau of Statistics said at a press conference that China “will not experience deflation,” saying China’s “exports exceeded expectations in March” and “economic growth is steady upward.”
An import and export figure for March, released by the General Administration of Customs on April 13, showed that China’s total exports in March were $315.59 billion, up 14.8 percent year-on-year, while imports were $227.4 billion, down 1.4 percent year-on-year….