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China posts worst export fall since year 2009
China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017.
For the month, exports decreased 6.1 percent on-year in dollar-denominated terms, compared with a 0.1 percent increase in the previous month, Reuters reported on Friday, citing official data. Imports meanwhile rose 3.1 percent from a year ago, down from November's 6.7 percent growth. December's trade balance stood at $40.82 billion, versus $44.61 billion in the previous month.
However, Chinese trade figures are also notoriously volatile, we at AG Markets, recommend that unless there is evidence of a renewed slowdown in the broader economic data, we still see some upside to import growth in the coming months.
Friday, 13 Jan, 2017 / 12:12
Source : https://www.ag-markets.com/news/
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