decline: The interventions, designed to soothe concerns among international investors, come after official figures on Monday revealed a 4.4% decline in exports in December the biggest drop since 2016 on the back of faltering demand in most of its key markets, according to The Guardian. Imports also fell by 7.6% as domestic appetite waned. Officials said they would cut taxes on a larger scale in order to boost business activity, announced against a backdrop of disappointing industrial production figures and the first drop in car sales for almost three decades. China has been embroiled in a trade dispute with the US, which has put a handbrake on global trade. Financial markets around the world rallied after the announcement from Beijing, with the FTSE 100 closing up more than 40 points and gains on other stock markets elsewhere across Europe. Although Beijing and Washington are edging closer to a deal, concerns remain the dispute could be reignited.
(news.financializer.com). As
reported in the news.
Tagged under decline, exports topics.