China’s Dec Trade Balance (CNY): Surplus expands as imports continue to drop

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China’s Trade Balance for December, in Yuan terms, came in at CNY517 billion versus CNY507.10 billion last.

The December exports came in at +10.9% vs.+14.9% last while imports arrived at -0.2% vs. -0.8% prior.

Additional points

China’s 2020 yuan-denominated exports +4% YoY.

China’s 2020 yuan-denominated imports -0.7% YoY.

China’s 2020 trade balance CNY3.7 trillion.

more to come …