China export plunged -9.9% yoy in Dec, imports dropped -7.5% yoy

China exports plunged -9.9% yoy in December in USD terms, worst drop since February 2020, but slightly better than expectation of -10.0% yoy. Imports fell -7.5% yoy, better than expectation of -9.8% yoy. Trade surplus widened from USD 69.8B to USD 78.0B, slightly above expectation of USD 77.9B. In CNY term, exports declined -0.5% yoy […]

The post China export plunged -9.9% yoy in Dec, imports dropped -7.5% yoy appeared first on Action Forex.