China's December exports, imports better than market forecasts
[SHANGHAI] China's exports in December rose 9.9 per cent from a year earlier, while imports fell 2.3 per cent, better than market expectations and cushioning pressure on the domestic economy from rising debt levels and a soft property sector.
That left the country with a trade surplus of 304.5 billion yuan (S$65.6 billion) for the month, the Customs Administration said on Tuesday.
Economists polled by Reuters had estimated exports in December to accelerate to 6.8 per cent from a year earlier from 4.7 per cent in November, while imports were forecast down 7.4 per cent, following a 6.7 per cent drop in November.
The official percentage change figures were based on yuan, whereas previous changes were calculated on a dollar basis.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations