KONTAN.CO.ID - BEIJING. China's exports grew 2.3% in December from a year earlier, customs data showed on Friday, adding to signs global trade is slowly turning a corner with the prospect of lower borrowing costs on the horizon, but deflationary pressures still loom. The trade report and separate data showing persistence of deflationary pressures in China paint a mixed picture for the world's second-biggest economy, and keep alive expectations for more policy support over the near term. A Reuters poll of economists had forecast a 1.7% increase in exports, after outbound shipments grew 0.5% in November. Imports rose 0.2% year-on-year, missing the 0.3% increase forecast in the poll.
China's December Trade, CPI Paint Mixed Economic Picture at Start of 2024
KONTAN.CO.ID - BEIJING. China's exports grew 2.3% in December from a year earlier, customs data showed on Friday, adding to signs global trade is slowly turning a corner with the prospect of lower borrowing costs on the horizon, but deflationary pressures still loom. The trade report and separate data showing persistence of deflationary pressures in China paint a mixed picture for the world's second-biggest economy, and keep alive expectations for more policy support over the near term. A Reuters poll of economists had forecast a 1.7% increase in exports, after outbound shipments grew 0.5% in November. Imports rose 0.2% year-on-year, missing the 0.3% increase forecast in the poll.