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

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.