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General Administration of Customs of the People’s Republic of China released January month trade balance data this Thursday, with the figures broadly surpassing the estimates.

Key Details

In Yuan terms, the trade balance rose to 271.42 billion Chinese Yuan (CNY) against forecast of 241 and prior release of 395 billion CNY.

Looking at the greater detail, it can be known that the imports fell lesser than expected -10.2% to -1.5% during the first month of 2019 versus -7.6% contraction registered at the end of 2018. The exports, on the other hand, increased with a bit more pace to +9.1% compared to -3.3% expectations and -4.4% previous.