China December Trade Data Beats Forecasts

China’s December exports fell 1.4 percent from a year earlier, while imports slid 7.6 percent, both much less than economists had expected but still likely consigning the economy to its weakest annual growth in 25 years.

That left the country with a trade surplus of $60.09 billion for the month, the General Administration of Customs said on Wednesday.

Economists surveyed by Reuters had anticipated exports and imports to fall 8 and 11.5 percent respectively.

It was the sixth straight on-year fall in exports, according to Dow Jones, and puts exports down 2.8 percent for the full year, compared to a rise of 6.1 percent in 2014.

CNBC

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.