Trade Indicators of China Ended 2017 With Growth

Forex News

China's trading indicators for December were strong, despite numerous concerns about the state of the country's economy, in particular the high level of debt and the slowdown in the pace of the industrial sector. The second largest economy in the world published large-scale data for 2017 amid a broad global recovery.

According to the data of the China's General Administration of Customs, the volume of exports from the country increased by 10.9% in dollar terms in December after an increase of 11.5% in November. The volume of imports increased by 4.5% in dollar terms after a jump of 17.6% a month earlier. The positive balance of foreign trade balance increased to 361.98 billion yuan from 255.44 billion yuan in November.