Core Viewpoint - The report from CITIC Securities highlights the unexpected resilience of China's export performance despite increased tariffs from the US, with a year-on-year export growth rate of 5.5% in the previous year, slightly below the projected 5.8% for 2024 [1] Group 1: Export Performance - China's export growth rate reached 5.5% year-on-year, defying pessimistic expectations despite US tariffs exceeding 30% [1] - December recorded the highest monthly export scale in history, with a month-on-month growth rate marking the highest since 2016 for the same period [1] Group 2: Future Projections - Exports are expected to maintain strong performance, with a projected year-on-year growth rate of 5% in 2026 due to improved foreign trade conditions and new fiscal expansions in Europe and the US [1] - The deepening cooperation between China and non-US countries is anticipated to continue, leading to an increasing share of Chinese products in the import market of non-US regions [1]
中信建投:预计2026年出口有望延续强势 同比增速为5%