China’s Dec Trade Balance (CNY): Surplus expands as imports continue to drop

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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