China December trade beats forecasts: exports up 7.6%, imports up 16.3%

Cornelia Mascio
Gennaio 14, 2020

It was the first time China's exports have risen since March 2019.

China's exports in December rose 7.6% from a year earlier, customs data showed on Tuesday, signalling a modest recovery in demand as a preliminary trade deal with the United States raised hopes that a prolonged tariff war will be de-escalated.

Over the previous 11 months of 2019, Chinese exports to Russian Federation increased 2.7 percent year-on-year to $44.58 billion, while its imports from Russian Federation totaled $55.74 billion, which is a 3.5 percent increase compared to the same period in 2018.

The figures were released just a day before the U.S. and China are expected to sign a "phase one" agreement that marks a de-escalation in their two-year conflict. The US has promised to lower some tariffs a month later.

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