China's Dec trade data soft, exports decline

China's trade balance for December, in yuan terms, came in at 3.35bn CNY vs 344.5bn expected and 298bn last. Exports came at -2% y/y vs -3.5% expected and 0.1% last, while imports were +0.6% y/y vs +2.7% expected and 6.7% last.

The release in USD terms will hit the wires within the next hour approximately. The data is a slightly negative input for the Aussie, as exports and imports showed little improvements to end the year. 

China's Custom Department recently noted that the country continues to face relatively large difficulties, with the implementation of policies to stabilise foreign trade growth still working their way through.That said, China Customs remains confident that leading indicators show pressure on exports is likely to ease in coming months. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.