China's December Trade Balance (in yuan terms CNChina's December Trade Balance (in yuan terms CNY) is a surplus of 540.9bn. • Prior surplus, in November, was 490.8bn. • Exports +3.8% y/y in December, prior +1.7%. • Imports +1.6% y/y in December, prior +0.6%. In US dollar terms, the trade balance is a surplus of 75.34bn. • Expected 74.75bn, prior 68.39bn. • Exports +2.3% y/y (expected +1.7%, prior +0.5%). • Imports +0.2% y/y (expected +0.3%, prior -0.6%). *** China's customs agency says out of major exporters it surveyed, 75% expect exports to remain the same or rise in 2024. (full story)

China’s exports rose more than expected in December, but failed to offset an overall decline for 2023, customs data showed Friday. Exports rose by 2.3% year on year in U.S. dollar terms last month, more than the 1.7% increase forecast by a Reuters poll. For 2023, exports fell 4.6% while imports dropped 5.5%, according to customs data. Imports rose by 0.2% in December from a year earlier in U.S. dollar terms. That’s slightly less than the 0.3% increase analysts polled by Reuters had expected. Demand for Chinese goods has fallen amid slower global growth. {video} “Chinese manufacturers anticipate production to rise ... (full story)