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

This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam