China Jan Trade (CNY terms): Surplus expands as exports surge

Anil Panchal FXStreet

The General Administration of Customs of the People’s Republic of China released January month trade balance data this Thursday, with the figures broadly surpassing the estimates.

Key Details

In Yuan terms, the trade balance rose to 271.42 billion Chinese Yuan (CNY) versus prior release of 395 billion CNY.

Looking at the greater detail, it can be known that the imports bounced to 2.9% during the first month of 2019 versus -3.1% registered in Dec 2018. The exports jumped +13.9% compared to +0.3% previous.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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