China's economy is well but unstable

China's economy began to show cracks in its growth plan as exports increased but imports dropped over the same period, revealing low demand in the world's second largest economy.

While the country boosted its exports by 7 percent last year, low demand triggered a 1.6 percent drop in imports. The contrast points to the instability of the Chinese economy.

Authorities had set a growth target of 7.5 percent for 2014 and expected the economy to pick up its pace in May.