00:00 It's Benzinga and here's what's on the block. China's exports grew 2.3% year over year in
00:05 December, beating estimates of 1.7% growth. Imports rose 0.2% year over year versus an
00:10 expected 0.3% increase. However, annual exports fell 4.6% in 2023, marking the first decline
00:16 since 2016. Imports were down 5.5% for the full year. Demand for Chinese goods slowed in 2023
00:23 amid weaker global economic growth, impacting trade with key partners. The US remained the
00:27 largest export market. Exports to Russia surged nearly 47% in 2023, helping to offset declines
00:34 elsewhere as Chinese manufacturers filled the void from Western firms leaving post-invasion.
00:38 Auto exports, especially electric vehicles, remained a bright spot for China, with 69%
00:43 annual growth in 2023 aided by Russian demand. For all things money, visit Benzinga.com.
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