>> China published Dismal Trade biddings for December on Monday, signs of a slow down within the country and damage from a trade war with Washington. The number show exports fell the most in two years last month with demand in most of its major markets weakening. Imports also show a shock drop falling over 7% in their biggest decline since 2016.
With Chinese consumers holding back on buying everything from iPhones to cars. It adds to what analyst say is weak demand in China and around the world, raising risk to the global economy. Reuter's Yawen Chen is in Beijing.>> The various trade figures today coming out of China really confirmed.
Investor fears that the world's second largest economy is slowing in a phase much faster that previously thought. Softening Chinese demands has already put pressure on companies such as US tech giant, Apple and car maker, Land Rover.>> Adding to Beijing's worries, Monday's data also showed China's trade surplus with the US widened last year to the biggest on record.
That's despite a trade war with Washington and could push US President Donald Trump to turn up the heat.>> Today's number show that China's trade surplus with the United States reach the record high. Last year which prompt Trump to take more pressure on Beijing to resolve it during their upcoming trade negotiations.
>> Sources told Reuters last week that Beijing is set to lower its GDP growth target for 2019 after posting a 6.6% growth for 2018, that's the slowest pace in nearly 30 years.