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- China's trade surplus declined in December
China's trade surplus declined in December
As reported today by the General Customs Administration of China, China's trade surplus of the foreign trade balance in December was $ 40.81 billion. Analysts had expected an increase of $ 46.5 billion
The trade balance - the indicator assesses the overall ratio of exports and imports of goods and services. A positive balance indicates a surplus, while a negative a deficit. As China's economy has a major impact on the global economy, this indicator has a specific meaning for the Forex market.
As the volume of exports from China fell by 6.1% year on year, lower than the previous value of -1.9% and -3.5% forecast. Imports to China increased by 3.1%, after rising 4.7% in October.
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