China Customs: Trade stabilized and improved through 2016
|Additional headlines hit the wires from a spokesperson from China's Custom Department; following the release of soft Chinese trade data.
Key Points:
Foreign trade situation still faces difficulties
Exports and imports rose in Q4 (yuan denominated imports +8.7% y/y in Q4, for exports +0.3% y/y in Q4)
Trade had mild recovery in Q4 2016
Trade stabilized and improved through 2016
External environment has been recovering
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