The Traderszone Network

Published in TZ Latest News 12 January, 2016 by The TZ Newswire Staff

China December exports, imports fall much less than expected

China’s total trade in December shrank much less than expected, but still likely consigned the economy to its weakest annual growth in 25 years. Exports in December fell 1.4 percent from a year earlier, data from the General Administration of Customs showed on Wednesday, much less than a Reuters poll forecast for an 8 percent drop and moderating from November’s 6.8 percent decline. The surprising data suggested that exports may be getting a boost from China’s decision to allow a sharp slide in the value of the yuan currency late last year, which has continued into 2016.