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Jan 13, 2017, 09.23 AM | Source: Reuters

China December exports fall more than expected

Exports in all of 2016 fell 7.7 percent from a year earlier, while imports slid 5.5 percent. China's Jan-Dec trade surplus was USD 509.96 billion.

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China December exports fall more than expected

Exports in all of 2016 fell 7.7 percent from a year earlier, while imports slid 5.5 percent. China's Jan-Dec trade surplus was USD 509.96 billion.

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China December exports fall more than expected
China's December exports fell by a more-than-expected 6.1 percent from a year earlier, while imports beat forecasts slightly, growing 3.1 percent on strong demand for commodities from coal to iron ore, official data showed on Friday.

That left the country with a trade surplus of USD 40.82 billion for the month, the General Administration of Customs said.

Exports in all of 2016 fell 7.7 percent from a year earlier, while imports slid 5.5 percent. China's Jan-Dec trade surplus was USD 509.96 billion.

Analysts polled by Reuters had expected December exports to have fallen 3.5 percent on-year, a contraction from an unexpectedly 0.1 percent rise in November and pointing to persistently sluggish global demand.

Imports were expected to have grown for a second month but at a slower pace of 2.7 percent, after soaring 6.7 percent in November.

The trade surplus was forecast to have climbed to USD 46.50 billion in December, versus November's USD 44.61 billion, with growing attention on its large trade surplus with the United States.

China, the world's largest trading nation, could be heavily exposed to protectionist measures this year if U.S. President-elect Donald Trump follows through on campaign pledges to brand it a currency manipulator and impose heavy tariffs on imports of Chinese goods.

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China December exports fall more than expected

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