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-- Imports At Slowest Pace Of Gain In A Year
-- Exports Growth 3rd-Fastest in 2017
BEIJING (MNI) - China's General Administration of Customs released December
trade data on Friday:
Exports rose 10.9% year-on-year in December in U.S. dollar terms, higher
than MNI's survey median forecast for a 10.0% y/y gain and below the growth rate
of 12.3% in November. Exports growth was the third highest in 2017.
Imports in dollar figures rose 4.5% in December from a year ago, much lower
than median forecast for a 15.0% gain and well below the 17.7% rise in November.
December's imports grew at the slowest pace since December 2016.
China posted a $54.69 billion trade surplus in December, higher than the
MNI survey median forecast for a $37.90 billion surplus and above November's
$40.21 billion surplus.
In yuan terms, the trade surplus was CNY361.98 billion, compared with the
CNY263.60 billion in November.
For the full-year 2017, trade surplus fell to $422.51 billion from $509.71
billion in 2016. Exports rose 7.9% on year while imports gained 15.9%.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: firstname.lastname@example.org
--MNI Beijing Bureau; +86 (10) 8532 5998; email: email@example.com
--MNI Beijing Bureau; +86 10 8532 5998; email: firstname.lastname@example.org