BEIJING (Reuters) – China's exports increased for the first time in 5 months in December and more than expected, signaling a modest demand recovery when Beijing and Washington agreed to soothe a prolonged trade war. .
FILE PHOTO: Containers and trucks are seen after snowfall at Qingdao port, Shandong province, China February 14, 2019. REUTERS / Stringer
The world's largest economies are preparing to sign a phase 1 trade deal on Wednesday, marking a significant decline but not ending an argument that has disrupted financial markets and weighed down. up global business trust.
China's exports in December were up 7.6% from a year earlier, customs data showed on Tuesday. The average forecast from a Reuters poll of analysts rose 3.2% in shipments, after falling 1.3% in November.
Imports also exceeded expectations, up 16.3% from a year ago and partly due to higher commodity prices. A Reuters poll has forecast a 9.6% growth from 0.5% in November.
While compared to a weak December last year that flattered both numbers, they also pointed to improving demand, both globally and in China, analysts said.
China had a trade surplus of $ 46.79 billion in December, compared with a poll of $ 48 billion surplus, up from a November surplus of $ 37.93 billion.
Throughout the year 2019, its exports demonstrated a significant resilience to trade tensions, rising by 0.5%, while imports fell by 2.8%.
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