Trade Balance CNY terms, 298.11bn

  • expected 320.00bn, prior 325.25bn

Exports +5.9% y/y ... much higher than expected

  • expected -1.0%, prior -3.2%

& Imports +13.0% y/y ... much higher than expected

  • expected 3.6%, prior 3.2%

Well, that's pretty good news on exports.

Comments from China Customs bureau:

  • Pressure on China's exports likely to ease at the beginning of next year

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We should get the USD terms soon (usually in around 20 to 25 minutes time)

China trade balance for November

  • expected $46.90bn, prior $49.06bn

& Exports % y/y

  • expected -5.0%, prior -7.3%

& Imports % y/y

  • expected -1.9%, prior -1.4%