China Dec yuan-denominated exports up 9pc, imports up 17.7pc

Business & Finance
14 Jan 2020 • 10:23 AM MYT
Malay Mail
Malay Mail

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For the full year of 2019, China’s yuan-denominated exports rose 5 per cent while imports rose 1.6 per cent, producing a trade surplus of 2.92 trillion yuan. — Reuters pic

BEIJING, Jan 14 — China’s yuan-denominated exports in December rose 9 per cent from a year earlier, customs data showed on Tuesday, while imports rose 17.7 per cent.

That left China with a trade surplus of 330 billion yuan (RM194.3 billion) in December, according to Reuters calculations based on customs data.

For the full year of 2019, China’s yuan-denominated exports rose 5 per cent while imports rose 1.6 per cent, producing a trade surplus of 2.92 trillion yuan.

China’s total trade in yuan terms with the United States dropped 10.7 per cent from a year earlier over the full year, customs data showed. — Reuters