China trade for Santa month
China trade balance for December: CNY 310bn surplus - via Reuters calculation, official announcement (which came hours after Reuters calculation) is surplus of 362bn yuan
- expected CNY 235.2bn, prior was CNY 263.6bn
Exports +7.4% y/y, beat
- expected +6.7%, prior was +10.3%
Imports +0.9% y/y, significant slowing
- expected +11.8%, prior was +15.6%
(added in ... ) USD terms
China trade balance: $ 54.69bn
- expected $37.00bn, prior was $40.21bn
- Exports+10.9% y/y: expected +10.8%, prior was +12.3%
- Imports +4.5% y/y: expected +15.1%, prior was +17.7%
more to come