BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/07
The foreign trade numbers reflect weak demand in China and its key exports markets as well as exchange-rate shifts. Looking at the mirror trade data, the value of US’s and Eurozone’s exports to China fell 5–6 % last year measured in dollars and euros, respectively. Moreover, due to China’s capital controls firms disguise capital movements as foreign trade transactions, which complicates interpretation of Chinese foreign trade figures.
Trends in Chinese foreign trade
Source: Bloomberg.