China's December exports rose 20.9% from a year ago, slightly more than expected

1 week ago

Containers beryllium astatine the Yangshan Port successful Shanghai, China, Aug. 6, 2019.

Aly Song | Reuters

BEIJING — China's exports grew somewhat much than expected successful December, portion imports roseate little than expected, according to customs information released Friday.

Exports roseate by 20.9% year-on-year successful U.S. dollar-terms, supra the 20% summation forecast by a Reuters poll.

Imports grew by 19.5% successful U.S. dollar-terms, missing expectations of a 26.3% increase.

"We expect China's exports to stay beardown successful Q1 due to the fact that of resilient planetary request and worsening pandemic successful galore processing countries," Zhiwei Zhang, main economist, Pinpoint Asset Management, said successful a note.

"Currently the beardown exports whitethorn beryllium the lone operator helping China's economy. We expect infrastructure concern to beryllium the 2nd operator picking up successful the adjacent fewer months," helium said.

Zhang said Covid outbreaks successful much cities adhd much downside risks to China's economical outlook for the archetypal quarter.

China is acceptable to merchandise GDP, retail income and different information for 2021 connected Monday.

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