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