Weak consumer demand gets the blame for China’s - sportstextiles: Lea SportsTextiles

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Weak consumer demand gets the blame for China’s export decline

09/12/2022

China’s customs authorities have reported a decline in exports for the month of November. Export revenues for the month fell by 8.7% compared to the figure for November 2021.

The decline in exports to the US was even steeper, at 13.2% and analysts were quick to point to weak consumer demand as the main cause.

Reports also suggest that recent moves to ease covid-19 restrictions in China are part of a strategy of boosting domestic demand for consumer products to offset weak demand in domestic markets.

 

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