Chinese Stocks Sink On Weak Trade Data Amid Rush 'To Get Goods To The US' Before Tariffs

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Chinese Stocks Sink On Weak Trade Data Amid Rush 'To Get Goods To The US' Before Tariffs - Benzinga

Quick Summary:

Imports fell as domestic demand remains weak, while exports surged, particularly to the U.S., driven by manufacturers racing to beat potential new tariffs under President-elect Donald Trump‘s administration.

This contraction, worse than October's 2.3% drop and far below expectations of 0.3% growth, underscores a softening domestic economy plagued by weak consumption and an ongoing housing crisis.

Shares of U.S.-listed Chinese companies took a hit on Tuesday, giving back much of Monday's rally as disappointing trade data highlighted persistent challenges in the world's second-largest economy.