Overview

• China's exports grew 12.4% year-over-year in March, driven by businesses frontloading shipments to avoid escalating U.S. tariffs.
• Imports fell 4.3% during the same period, reflecting ongoing weak domestic demand and subdued consumer spending.
• The U.S. has imposed cumulative tariffs of 145% on Chinese imports, with China responding with retaliatory measures, further straining trade relations.
• Despite the export surge, China's economic growth target of 'around 5%' faces challenges, with Goldman Sachs lowering its forecast to 4.0% for the year.
• Chinese leadership faces mounting pressure to introduce stronger stimulus measures to boost domestic consumption and stabilize the economy.