The China customs published trade balance for December in USD terms, reporting above estimates trade surplus as imports slump by a big margin.
In USD terms,
Trade Balance (USD) December came in at 57.05B versus 51.53B expected and 44.71B previous.
Exports (YoY) Dec: -4.4% vs. +3.0% expected and +5.4% last.
Imports (YoY) Dec: -7.6 % vs. +5.0% expected and +3.0% last.
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