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00:00 Despite the global slowdown, there is an increase in China's exports and imports during April,
00:11 so what are the main reasons behind that?
00:14 In the beginning, if we look at China's exports, we notice that it increased by 1.5% annually.
00:21 We are talking specifically about April.
00:24 If we look at March, we notice that there was a decrease in exports, but it rose again during April.
00:32 As for imports, we notice that they increased by more than 8%,
00:39 and there were more expectations, some of which also declined in March.
00:44 Also, if we look at the exports and imports between China and the United States,
00:50 the United States is the largest trading partner of China,
00:54 so we notice that imports rose 9%, while exports declined 3% annually.
01:02 We also mention that there are several factors that pressure China's exports,
01:08 among which are tensions with the largest trading partner, the United States.
01:14 In recent tensions, there were tensions on the technological level,
01:20 where the United States has banned the export of Huawei's Huawei,
01:24 as well as the global demand slump, as we mentioned earlier,
01:28 and the variety of imports.
01:30 Today, several countries no longer rely on China for trade, especially after the pandemic.
01:36 We also note that the US President Joe Biden is trying to double the Chinese currency on the Chinese dollar three times.
01:44 Also, Trump said that he won the US presidential election,
01:50 so he will raise the Chinese currency by 60% on Chinese goods.
01:55 If we look at China's exports today, specifically to the countries of Southeast Asia in April,
02:01 we notice that exports rose 8% annually, while imports rose 5%,
02:07 and finally, for exports and imports of China to the European Union,
02:12 we notice that imports rose about 2.5%,
02:16 but exports declined by 3.5% in April annually.
02:23 [BLANK_AUDIO]