China’s December trade data
Last week, China released its trade data for December. In dollar terms, the country’s exports rose 10.9% YoY (year-over-year), while imports rose 4.9%. The data deteriorated from November. Chinese exports rose 12.3% YoY, while its imports rose 17.7% in November. Overall, China’s December trade data were mixed for investors. Although China’s exports were better than expected, its imports missed analysts’ estimates by a wide margin. In 2H17, China’s imports were better-than-expected. However, its exports lagged Wall Street’s estimates.
