China Trade Surplus Swells as Exports Rise in Boost for Yuan
- The economy "is stabilizing rather than collapsing": Oliver
- "This could be the beginning of an improvement": Ding
China's Trade Surplus Widened as Exports Recovered
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China’s trade surplus widened and exports recovered last month, offering support to a weakening currency that has roiled global markets this year.
The nation’s trade balance widened to $60 billion, taking the full-year tally to $594.5 billion, helping offset capital outflows that have pressured the yuan. Exports slid 1.4 percent in U.S. dollar terms in December from a year earlier, and rose when counted in the local currency.