China’s Exports Surge, Imports Rise to Record as Trade Rebounds

China’s exports rose in December for the first time in 14 months and imports surged 55.9 percent to a record as the nation helps power a global recovery.

Exports climbed 17.7 percent from a year earlier, the customs bureau said on its Web site today. None of 21 economists in a Bloomberg News survey forecast such large gains in exports or imports. The year-on-year comparisons are affected by declines from late 2008 as the global credit crisis deepened.

Bloomberg

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments.
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Dean Popplewell