China’s imports slumped 13.2 percent on the previous year to 10.45 trillion yuan, Customs said, while exports were down 1.8 percent to 14.14 trillion yuan. Exports fell 6.8 per cent in November.
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But analysts warned the upside surprise in December did not necessarily mean sluggish global trade would be on more stable footing in 2016.
China’s trade surplus widened to $US60.1 billion in December, from $US54.1bn in November, larger than the median forecast for a $US53.0bn surplus.
Wednesday’s relatively healthy trade figures should help to ease concerns that China’s plunging financial markets will spill over into the real economy.
Last year, the country’s total export and import values decreased 7 percent year on year to 24.59 trillion yuan.
“The depreciation of yuan helped with exports and overseas demand also strengthened with increasing new export orders”.
The world’s second largest economy is already expected to have grown at its slowest pace in a quarter of a century a year ago, with Beijing targeting 7% growth.
MOSCOW, Jan. 12 (Xinhua) – China will continue to be a driver of global economy as it has sufficient investment opportunities and internal resources, a leading Chinese economist said Tuesday.
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For the full year, exports fell 2.8 per cent in 2015, compared with an increase of 6.1 per cent in 2014, a weakening in external demand that has contributed to the slowing of China’s economy.
