China's success in selling its products overseas has particularly irked US President Donald Trump, who has initiated a trade war with China to try to hold back exports.
However, it is also important that China is an important indicator of the global economy since trade often responds very quickly to global economic trends.
"The bad trade data will quite likely increase the pressure on China to achieve a deal, or at least a suspension of the USA tariff hikes", said Louis Kuijs, chief Asia economist at Oxford Economics in Hong Kong.
"An overwhelming majority of economists point to the high consumption levels and low savings rates in the U.S.as a major determinant of large USA trade deficits in general, and China in particular", Michelle Casario, an associate professor at Villanova University, said in an email to CBS MoneyWatch.
President Donald Trump said Monday he expects to be able to reach a trade deal with China, which is feeling the impact of U.S. tariffs.
Customs data showed that Chinese exports rose 11.3 percent in 2018 to $478.4 billion, while imports from the USA only rose by 0.7 percent.
The Trump administration also wants Beijing to buy more American goods to narrow a yawning trade gap - a sticking point for United States president - and allow foreign players better access to the Chinese market. China has retaliated with tariffs of its own. Exports to America increased the official Chinese Figures show that in 2018, up by 11.3 percent.
"Private enterprises contributed more than half to China's foreign trade growth in 2018, a bright spot of China's foreign trade development", said the spokesman.
The fall of exports in December which is the biggest since December 2016, when China grew at its slowest pace since 1990 was the first indication that the trade war with United States is biting Beijing.
Exports rose 7.1 per cent, customs data showed Monday, down from the 7.9 per cent reported earlier for 2017.
China's total global exports rose 9.9 percent in 2018, its strongest performance in seven years, while imports increased 15.8 percent.
"Export growth dropped more than anticipated as global growth softened and the drag from US tariffs intensified".
China's USA trade surplus hit a record high of $323bn in 2018, the highest in more than a decade, according to figures released by the country's General Administration of Customs on January 14.
China's General Administration of Customs said on Monday that the biggest worry in trade this year is external uncertainty and protectionism, forecasting the country's trade growth may slow in 2019.
"The global electronics cycle remains the key driver of Chinese exports".
"The import slowdown is consistent with other signs that growth in China's domestic economy continued to weaken", said Louis Kuijs, head of Asia economics at Oxford Economics.
There are more than 40 million now under winter storm alerts, in what is the first big winter storm of the season for most areas. Gia is expected to bring additional snow to the Ohio Valley and Mid-Atlantic by Sunday evening, the Weather Channel reported.
Saudi state media say that suspects in the slaying of journalist Jamal Khashoggi have attended their first court hearing. Then his body was dismembered and removed from the consulate by five people and given to a local collaborator.
He told CBS' "Face the Nation" that "the bottom line here is we want to make sure we get this right, that ISIS doesn't come back". President Trump announced in mid-December that the USA will withdraw all of its 2,000 forces in Syria.
The device turns into a compact-sized phone (at least as per today's smartphone screen size standards) when it is fully folded. We see new smartphone features every few months - starting from CES in January to various events through the year.
I know the defeat will hurt the Liverpool players and supporters today but I wouldn't be too downhearted if I was in their camp. For Guardiola, though, winning this game and ending Liverpool's unbeaten run was a crucial step toward reining the leaders in.
During the 20 minutes Jayme was in their home, Peter and Kristin Kasinskas said they tried to make her feel more comfortable. Smart was rescued nine months later after witnesses recognized her abductors from an " America's Most Wanted " episode.
Volume on USA exchanges was 8.68 billion shares, compared to the 9.14 billion average over the last 20 trading days. President Donald Trump has called the Fed's rate hikes a mistake and said he was not happy with Powell .
Elliott won the rushing title for the second time in three years, but Gurley was sidelined late in the schedule by a knee injury. Well, all that bulletin-board material can be thrown out the window after what we witnessed on Saturday night in Los Angeles .
He this could happen by cancelling Article 50 - which he noted would be "resented by lots of people" - or via a second referendum. My message to Parliament this weekend is simple: it is time to forget the games and do what is right for our country.
The 60-year-old Williams served as the Browns defensive coordinator for 2017-18 before taking over for the deposed Hue Jackson. Gase will replace Todd Bowles, who was sacked by the Jets after four seasons following the end of the 2018 season.
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Saudi Arabia's parlous rights record has been under heavy scrutiny since the murder of journalist Jamal Khashoggi previous year . Some Saudi female runaways fleeing abuse by their families have been caught trying to seek asylum overseas in recent years.
More than 38 million Americans who rely on food stamps could see them reduced should the shutdown continue into next month. Democrats controlling the House have agreed to fund only United States dollars 1.3 billion for border security.
Critics on social media questioned whether Trump could legally withhold FEMA money that has already been appropriated. Additionally, a little more than half of forestland in California is owned and managed by the federal government.
Secretary of State Mike Pompeo said, "The Chinese have been very clear to us that these are separate issues". But a year ago , he visited China three times. "His arrival in Beijing , which coincided with Mr.
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Department of Energy's assistant secretary for fossil energy, Steven Winberg; and other senior officials. They criticize his tactics but echo USA complaints about Chinese industrial policy and market barriers.