China December trade data shows exports and imports both gained y/y

<p>China's December Trade Balance (in yuan terms CNY) is a surplus of 540.9bn</p><ul><li>prior surplus, in November, was 490.8bn</li><li>Exports +3.8% y/y in December, prior +1.7%</li><li>Imports +1.6% y/y in December, prior +0.6%</li></ul><p>In US dollar terms, the trade balance is a surplus of 75.34bn</p><ul><li>expected 74.75bn, prior 68.39bn</li><li>exports +2.3% y/y (expected +1.7%, prior +0.5%)</li><li>imports +0.2% y/y (expected +0.3%, prior -0.6%)</li></ul><p>***</p><p>China's customs agency says out of major exporters it surveyed, 75% expect exports to remain the same or rise in 2024</p>

This article was written by Eamonn Sheridan at www.forexlive.com.