China Dec. Exports Trail Estimates as Import Gains AccelerateBloomberg News
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.
— With assistance by Xiaoqing Pi