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China: Strong Trade Growth for December and 2012

From Econintersect Combined RSS Feed
January 10, 2013 - 12:23am
Econintersect:  China reported a $31.6 billion trade suprlus for December.  This was more than a 50% increase from the $19.6 billion figure for November.  The expectation had been for a surplus of $20 billion.  Both exports and imports rose in December, but the 14.1% year-over-year increase for exports was more than double the 6% rise in imports, fueling the strengthening current account surplus. For the entire year China recorded a $231 billion trade surplus, compared to $150 billion for 2011.  This reversed three consecutive years of declining trade balances. Read more »

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