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China Dec. Exports Trail Estimates as Import Gains Accelerate

A truck driver walks past a shipping container being moved at the Yangshan Deep Water Port in Shanghai. Photographer: Tomohiro Ohsumi/Bloomberg
A truck driver walks past a shipping container being moved at the Yangshan Deep Water Port in Shanghai. Photographer: Tomohiro Ohsumi/Bloomberg

Jan. 10 (Bloomberg) -- China’s export growth trailed estimates in December while import gains beat projections, government data showed today.

Overseas shipments rose 4.3 percent from a year earlier, the General Administration of Customs said today in Beijing. That compares with the median estimate for 5 percent growth from 39 economists surveyed by Bloomberg News. Imports increased 8.3 percent, leaving a narrower-than-projected trade surplus of $25.64 billion.

The data help flesh out a picture of the world’s second-largest economy in the fourth quarter after previously reported declines in December manufacturing and services gauges and the 22nd straight decline in the producer-price index, the longest streak since the Asian financial crisis. The statistics bureau reports gross domestic product for the October-to-December period on Jan. 20.

Analysts’ estimates for export gains ranged from 0.5 percent to 9 percent. Imports were projected to rise 5 percent, and the trade surplus was forecast at $32.15 billion, based on median projections of economists.

To contact Bloomberg News staff for this story: Xiaoqing Pi in Beijing at xpi1@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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