Another blockbuster from China ….
China November trade balance is +$33.80bn
- $21.20bn was the expected
- $31.10bn was prior
Source Bloomberg
Exports are at +12.7% y/y
- expected +7.0%, prior was +5.6%
Imports are at +7.0 +5.3% y/y
- expected +7.0%, prior was +7.6%
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This is a positive for the Australian dollar … though there are often doubts expressed about the veracity of Chinese data, even by China’s own State Administration of Foreign Exchange (SAFE) itself.
