Yuan terms
China trade balance CNY 516.81bn
- expected CNY 457.8bn, prior was CNY 507.1bn
Exports BEAT at +10.9% y/y
- expected +7.1%, prior was +14.9%
Imports MISS at -0.2% y/y
- expected +0.1%, prior was -0.8%
USD terms
- China trade balance $78.17bn: expected $72bn, prior was $75.4bn
- Exports beat +18.0% y/y: expected 15.0%, prior 21.1%
- Imports beat +6.5% y/y: expected 0.1%, prior was -0.8%
China's trade surplus with the US was USD 29.92bn for the month of December
- vs. 37.42bn in November
China's trade surplus with the US was USD 316.91bn for the whole of 2020.
more to come
