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Marketplace Morning Report

China’s economy stalls

Marketplace Morning Report

Marketplace

Business, News

4.5927 Ratings

🗓️ 7 March 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC’s World Service: The world’s second-largest economy is struggling. The latest trade figures show that imports into China fell by more than 8% in January and February, compared to the same period last year. Then, following an emergency summit of European Union leaders, the bloc says it’s approved a plan that could allow for up to $870 billion in additional defense spending. Plus: a look at the instant noodles market in India.

Transcript

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0:00.0

The numbers aren't looking good for China.

0:03.8

Hello, this is the Marketplace Morning Report,

0:05.8

and we're live from the BBC World Service.

0:08.1

I'm Leanna Byrne.

0:09.5

Fresh data out from the world's second-largest economy

0:12.5

shows that its exports are slowing

0:14.6

and imports have shrunk, the BBC's Marikooi,

0:18.2

has been taking a look at this for us.

0:19.9

Hi, Mariko.

0:20.9

Hello.

0:21.8

So how much of this can be put down to Trump's tariffs and how much of it can be put down to

0:26.9

China's economy in general?

0:28.6

Well, firstly, in terms of the tariffs, we're talking about the data from the months of January

0:33.7

and February. So some of those new tariffs were kicking in, but not the latest one that

0:39.6

we've been talking about this week. And, you know, exports not growing as much as economists had

0:45.0

expected, which is quite worrying because with the tariffs, these numbers could actually get

0:51.2

worse. As for imports, economists expected imports to rise by about

0:55.6

1%. They fell by almost like 8.5%. So I was looking at what they were buying less of, and we're

1:03.9

talking about things like crude oil and natural gas, other commodities like copper and iron ore.

1:10.2

I think it comes down to demand slowing down in

1:13.2

the world's second biggest economy. The Chinese government has set this ambitious 5% GDP growth

1:19.6

target for 2025. So if that's the case, how realistic is that goal? Yeah, that's the big question,

...

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