These are the RMB terms
- Surplus of 3.35tln CNY for whole of 2016
- 2016 imports +0.6% y/y
- 2016 exports -2% y/y
Comments from China customs:
- Foreign trade situation still faces difficulties
- Says exports and imports rose in Q4 (yuan denominated imports +8.7% y/y in Q4, for exports +0.3% y/y in Q4)
- Trade had mild recovery in Q4 2016Trade stabilised and improved through 2016
- External environment has been recovering
In USD terms,
- 2016 trade surplus $510bn
- Imports down 5.5% for the whole of 2016
- Exports down 7.7% y/y
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China trade balance for December: 275.4bn CNY
- expected +344.5bn CNY, prior 298.10bn
Exports for December: -2% y/y (some 'leaks' coming from the China press, but I'm awaiting official data confirmation on this) +0.6% y/y is the figure from officials
- expected -0.1%, prior +5.91%
Imports for December: +10.8%
- expected +4.2%, prior was +13.0%
USD terms still to come, give it half an hour or so I reckon
