China’s Dec Trade Balance (CNY): Surplus expands as imports continue to drop
|China's Trade Balance for December, in Yuan terms, came in at CNY517 billion versus CNY507.10 billion last.
The December exports came in at +10.9% vs.+14.9% last while imports arrived at -0.2% vs. -0.8% prior.
Additional points
China’s 2020 yuan-denominated exports +4% YoY.
China’s 2020 yuan-denominated imports -0.7% YoY.
China’s 2020 trade balance CNY3.7 trillion.
AUD/USD reaction
The aussie dollar jumped a few pips on the upbeat Chinese trade data, which suggests robust signs of an economic turnaround.
AUD/USD was last seen trading at 0.7753, nearly daily highs, up 0.27% on the day.
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