The South China Morning Post reports:
– Exports grew by 18.1 per cent in December from a year earlier, down from 21.1 per cent growth in November
– Imports grew by 6.5 per cent in December from a year earlier, up from 4.5 per cent in November
China’s exports continued to surge in December, data released by its customs agency on Thursday showed.
Exports grew by 18.1 per cent last month from a year earlier, down from 21.1 per cent in November but above the consensus result of a survey of analysts, conducted by Bloomberg, which predicted 15.0 per cent growth.
This was the seventh consecutive month of export growth, with China’s factories continuing to capitalise on coronavirus lockdowns in the West.
Imports grew by 6.5 per cent in December from a year earlier, up from 4.5 per cent the month before, and above the consensus forecast of 5.7 per cent.
This was the fourth month of consecutive import growth.
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