China has significantly boosted its exports in December. The number of goods exported by the country increased by 7.6 percent compared to a year earlier. That was a positive surprise after a contraction of exports in November. Imports into the Asian country also rose sharply in December, with a plus of 16.3 percent.
Trade in goods was boosted by the provisional trade agreement between China and the United States, which was agreed last month. Viewed over the whole year, Chinese imports and exports of goods suffered from trade tensions. Total exports grew by only 0.5 percent in 2019 and exports to the US were 11 percent lower. The US also dropped from second to third on the list of China’s most important trading partners.
Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by email@example.com.