China’s Exports Surge, Imports Rise to Record as Trade Rebounds

China’s exports rose in December for the first time in 14 months and imports surged 55.9 percent to a record as the nation helps power a global recovery.

Exports climbed 17.7 percent from a year earlier, the customs bureau said on its Web site today. None of 21 economists in a Bloomberg News survey forecast such large gains in exports or imports. The year-on-year comparisons are affected by declines from late 2008 as the global credit crisis deepened.

Bloomberg

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell