China’s trade picture improved in December after a poor showing in November, suggesting that the world’s second-largest economy ended the year on a more solid footing. Nevertheless, the data has not dented expectations for further monetary easing in the coming months.
Exports jumped 9.9 percent from the year-ago period, official data showed on Tuesday, much better than Reuters expectations for a 6.8 percent increase and after climbing 4.7 percent in November. Imports fell an annual 2.3 percent, narrower than a forecast drop of 7.4 percent and following November’s 6.7 percent decline.
This brought the trade surplus to $49.1 billion, compared with $49.85 billion expected and a $54.47 billion print in November. The Australian dollar, which is highly-sensitive to Chinese data, edged up to $0.8175 from $0.8170 on the news.
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