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Chinese Exports Surge 14.1% CRUSHING Expectations

Mamta Badkar

Chinese exports surged 14.1 percent year-over-year (YoY) in December, beating expectations for a 5 percent rise (via Michael McDonough).

Meanwhile, imports increased six percent YoY, ahead of expectations of a 3.5 percent rise.

Trade balance widened to $31.6 billion, more than consensus of $20 billion.

Original

At 9 p.m. ET China will release its December trade data.

Analysts polled by Bloomberg are looking for for imports to rise 3.5 percent year-over-year (YoY), exports to rise 5 percent YoY, and the trade balance to widen to $20 billion. This data would offer insight into whether China's economy really is picking up.

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Bloomberg BRIEF economist Michael McDonough tweeted this chart ahead of the data that gives us insight into its largest trading partners:



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