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China’s Trade Balance: Surplus widens in December as Exports jump

China's Trade Balance for December, in Chinese Yuan (CNY) terms, came in at CNY752.91 billion, expanding from the previous figure of CNY692.8 billion.

Exports climbed by 10.9% YoY in December vs. 1.5% in November. The country’s imports rose by 1.3% YoY in the same period vs. 1.2% registered previously.

In US Dollar (USD) terms, China’s trade surplus expanded in December.

Trade Balance came in at +104.84B versus +99.8B expected and +97.44B previous.

Exports (YoY): 10.7% vs. 7.3% expected and 6.7% previous.

Imports (YoY): 1% vs. -1.5% expected and -3.9% last.

China Exports (YoY) CNY up to 10.9% in December from previous 1.5%

China Exports (YoY) CNY up to 10.9% in December from previous 1.5%
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NZD/USD sticks to modest gains above mid-0.5500s after China’s Trade Balance data

The NZD/USD pair kicks off the new week on a positive note and for now, seems to have snapped a four-day losing streak to its lowest level since October 2022 touched on Friday.
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