China: Trade surplus widened to U$54.7b - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS note that China’s Dec imports disappointed at +4.5%/yr (mkt +15.1%) while exports were buoyant at +10.9% (mkt +10.8%) and so the trade surplus widened to U$54.7b, the largest since Jan 2016.

Key Quotes

“The seasonal Dec jump in “exports to Hong Kong” was even larger than last year (not exactly transparent). Exports to the EU were buoyant, but they were swamped by those Hong Kong distortions.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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