Export Performance - In January-February 2025, China's total export amounted to $539.94 billion, with a year-on-year growth of 2.3%, a decrease of 3.6 percentage points compared to 2024[8] - The high base effect from 2024, where exports grew by 7.1%, significantly impacted the current export growth rate[10] - Exports of traditional goods like bags and shoes saw substantial declines, with shoe exports down by 18.3% year-on-year[16] Import Performance - In January-February 2025, China's total import reached $369.43 billion, showing a year-on-year decline of 8.4%, a drop of 9.5 percentage points from 2024[19] - The decrease in imports is attributed to ongoing domestic economic restructuring and reduced demand for traditional bulk commodities like iron ore[19] - Imports from major trading partners showed varied performance, with imports from the EU and Japan declining by 5.6% and 4.9%, respectively[19] Trade Balance - The trade surplus for January-February 2025 was $170.52 billion, reflecting the difference between exports and imports[8] - The trade balance indicates a continued strong export performance despite the decline in growth rates[8] Future Outlook - The external environment for 2025 is expected to be complex, with potential risks and opportunities affecting export growth, particularly due to political changes in major trading partners[22] - Domestic economic policies aimed at stabilizing growth may support a gradual recovery in import growth, although challenges remain from high global trade barriers[24]

Group 1 - The Indian stock index SENSEX is hovering at a low not seen in about 9 months, impacted by inflation, economic slowdown, and corporate performance decline, with significant capital outflows from foreign investors [1][2] - SENSEX closed at 73,730 points on the 5th, having dropped over 10% from its historical high of 85,836 points reached on September 26, 2024, indicating a prolonged adjustment phase [1] - The uncertainty surrounding U.S. tariff policies is seen as a heavy burden on stock prices, with expectations that India may be forced to lower tariffs following failed negotiations in February [1] Group 2 - Positive factors include a recovery in India's GDP growth rate, which increased to 6.2% year-on-year for the October-December 2024 period, compared to a sharp decline to around 5% in the July-September period [2] - The Reserve Bank of India has shifted to a monetary easing stance by cutting interest rates for the first time in nearly five years, which is expected to support economic recovery [2] - There is optimism that India will benefit from global corporate supply chain restructuring due to concerns over deteriorating U.S.-China relations, particularly in sectors like electronic devices, auto parts, chemicals, and pharmaceuticals [2]