China’s exports rose more than expected in December, but import growth slowed dramatically, helping to drive up the country’s trade surplus.
The dollar value of outbound shipments from China climbed 10.9 per cent year on year in December, slowing from November’s rate of 12.3 per cent but comfortably besting a median forecast of 9.1 per cent growth from economists surveyed by Reuters.
Imports meanwhile grew far less than anticipated, with a year-on-year rise of just 4.5 per cent undershooting expectations of a 13 per cent climb and down substantially from the prior month’s pace of 17.7 per cent.
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