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China’s Trade data (CNY): Imports and exports jump sharply in December

China's Trade Balance for December, in Yuan terms, came in at CNY +330 billion versus CNY 315 billion expected and CNY 274.21 billion last.

Exports came in at +9% vs. +2.8% expected and +1.3% last, while imports arrived at +17.7% vs. -1.4% expected and +2.5% last.

For the year 2019, exports are up +5% YoY while imports rose 1.6% while the trade balance came in at CNY +2.92 trillion.

Trade between the US and China decreased by 10.7% YoY in 2019. 

The upbeat Chinese trade data served failed to impress the AUD bulls, leaving AUD/USD pair in lows around 0.6890 region, as the focus remains on the US-China trade deal signing.

Author

Dhwani Mehta

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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