New Outlook for China's Exports in 2023

New Outlook for China's Exports in 2023

In a blink of an eye, the "uncertain" 2022 has become history. This year, the world's major changes unseen in a century accelerated. The characteristics of world changes, era changes, and historical changes are more obvious. Despite the difficulties, China's foreign trade has withstood the heavy pressure and achieved steady growth.

From the perspective of major export commodities, labor-intensive products such as bags, clothing, and toys; durable consumer goods such as furniture, home appliances, and lamps have increased significantly compared with previous years.

As the effects of various policies continue to emerge, the overall economic operation is expected to pick up next year.
The reasons are as follows:
First, after the anti-epidemic policy is shifted, all regions will pass the peak period of the epidemic one after another, which will gradually push the economy out of the haze of the epidemic, bringing about an improvement in aggregate demand and a recovery in production capacity. .
Second, the coordinated efforts to expand domestic demand policies will offset the impact of weak external demand on exports to a certain extent next year.
The third is the impact of the epidemic on the economy in 2022, laying a low foundation for economic recovery next year. It is estimated that the Chinese economy is expected to achieve growth of more than 5% in 2023.