China’s exports and imports shrank in December despite the country’s economic degeneration.
According to the General Administration of Customs, exports slipped 1.4% last month from 6.8% drop in November. Imports slid 7.6% from 8.7% tumble in November.
The combination generated a $60.09 billion trade surplus for December from $54.1 billion in the preceding month.
Despite the surprising figures, economists warned the data did not necessarily imply slow global trade would become stable this year.
Nomura said last month’s trade report, alongside indicators and high frequency data, have rendered additional clues of the economy’s stabilization although at a low level.
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