From CNBC:

China’s exports increased 2.3% in December 2023, partially recovering from a 4.6% decline for the whole year. Imports rose 0.2% in December and nearly 47% for exports to Russia. Manufacturers are optimistic for 2024, but worried about slow demand, signaling cautious growth.

China’s auto industry shone in recent trade data, with the country expected to surpass Japan as the top car exporter in 2023. The electric car market and Russian demand drove the surge. After Russian manufacturers left after the Ukraine invasion, Chinese auto exports filled the void, rising sixfold in value from 2022.



Read more: China posts higher-than-expected exports growth in December