China's December Exports Surge 10.7%, Imports Unexpectedly Rise
China: China's exports and imports experienced notable growth in December, partly due to factories pushing inventory overseas in anticipation of trade risks under U.S. President-elect Donald Trump. Exports rose 10.7% year-on-year, surpassing forecasts, while imports increased by 1.0%, defying expectations of a decline. The trade surplus grew to $104.8 billion, with a surplus with the U.S. at $33.5 billion. The weakened yuan has helped Chinese manufacturers find overseas buyers despite weak domestic demand. However, concerns loom over potential U.S. tariffs and unresolved EU disputes over tariffs on Chinese electric vehicles. Despite these trade tensions, signs of economic stabilization emerge, driven by recent stimulus measures and increased factory and construction activity. Nevertheless, the government's targets economic growth around 5% for 2025, posing a considerable challenge.
Source: Reuters