• Latest
  • Trending
Chinese Exports Grow More Than Expected in December, Imports Quicken

Chinese Exports Grow More Than Expected in December, Imports Quicken

January 14, 2021
Chicago Officials Release Graphic Video of Police Shooting and Killing 13-year-old

Chicago Police Critics Call for Charges in Shooting of 13-year-old Boy

April 17, 2021
Nigeria: Kaduna Government Says 5 of 39 Abducted Students ‘Recovered’ 

Nigeria: Kidnappers of Kaduna College Students Threaten to Kill 29 Abductees, Demand Close to $1million

April 17, 2021
US Comments on Pro-Navalny Protests Support Law-breaking, Says Russia

Russia, Retaliating against Washington, Asks 10 US Diplomats to Leave

April 17, 2021
Nigeria: APC Governors Disagree with Edo Governor Obaseki Over ‘Currency Printing’ Claims

Nigeria: APC Governors Disagree with Edo Governor Obaseki Over ‘Currency Printing’ Claims

April 17, 2021
Britain’s Prince Philip, Queen Elizabeth II’s Husband, Dies at 99

Prince Philip’s Funeral to Celebrate His ‘Unwavering Loyalty’ to the Queen

April 17, 2021
Castro Era Ends in Cuba as Raul Confirms His Retirement

Castro Era Ends in Cuba as Raul Confirms His Retirement

April 17, 2021
US and Japan Project Unity against China as Biden Hosts Suga as First Foreign Leader at the White House

US and Japan Project Unity against China as Biden Hosts Suga as First Foreign Leader at the White House

April 17, 2021
Sci-Fi: Elon Musk Wants To Put Computer Chips In Human Brains

Sci-Fi: Elon Musk Wants To Put Computer Chips In Human Brains

April 17, 2021
A Zimbabwean Billionaire Could Invest $100m In Nigeria

A Zimbabwean Billionaire Could Invest $100m In Nigeria

April 17, 2021
At Least 21 African Migrants Die as Boat Sinks Off Tunisia

At Least 21 African Migrants Die as Boat Sinks Off Tunisia

April 17, 2021
Helen McCrory, ‘Harry Potter’ and ‘Peaky Blinders’ Star, Dies at 52

Helen McCrory, ‘Harry Potter’ and ‘Peaky Blinders’ Star, Dies at 52

April 17, 2021
Tuchel Looks to End Guardiola’s Quadruple Hopes as Chelsea, Man City Clash in FA Cup Semis

Tuchel Looks to End Guardiola’s Quadruple Hopes as Chelsea, Man City Clash in FA Cup Semis

April 17, 2021
‘It’s a Decoy for Diplomatic Immunity’: Opposition PDP Slams Buhari’s Ex-service Chiefs Ambassadorial Nomination

Currency Printing: Nigeria’s Opposition PDP Demands Sack of Finance Minister For ‘Misleading Citizens’

April 17, 2021
Unpatriotic Nigerians Made Twitter Snub Us for Ghana, Says Lai Mohammed  – Trending with Ojy Okpe

Unpatriotic Nigerians Made Twitter Snub Us for Ghana, Says Lai Mohammed – Trending with Ojy Okpe

April 16, 2021
The Reason Why Nigeria’s Central Bank Prints Money

The Reason Why Nigeria’s Central Bank Prints Money

April 16, 2021
Nigerian Government Extends Deadline To Block SIMs Without Identification Number

#PantamiResign: Nigeria Comms Minister Accused of Being a ‘Terrorist Apologist’

April 16, 2021
A Billionaire Truce In Kano And The Sugar Master Plan

A Billionaire Truce In Kano And The Sugar Master Plan

April 16, 2021
US Demands Eritrea’s Troops Immediately Exit Ethiopia

US Demands Eritrea’s Troops Immediately Exit Ethiopia

April 16, 2021
Mozambique Bans Poultry Import From South Africa After Bird Flu Outbreak

Mozambique Bans Poultry Import From South Africa After Bird Flu Outbreak

April 16, 2021

ARISE NEWSDAY

April 16, 2021
Benin’s Talon Wins Re-election as President with 86% Landslide 

Benin Court Approves President Talon’s Election Win

April 16, 2021
Islamic Police in Northern Nigeria Arrest Eight For ‘Eating in the Afternoon’ During Ramadan

Islamic Police in Northern Nigeria Arrest Eight For ‘Eating in the Afternoon’ During Ramadan

April 16, 2021
Iran Begins Enriching Uranium to 60%, Its Highest Level Ever

Iran Begins Enriching Uranium to 60%, Its Highest Level Ever

April 16, 2021

Global Business Report

April 16, 2021
Hong Kong Tycoon Jimmy Lai Granted Bail in National Security, Fraud Case

Hong Kong Billionaire Jimmy Lai Jailed for Pro-Democracy Protests

April 16, 2021
At Least Eight Killed in Mass Shooting in Indianapolis

At Least Eight Killed in Mass Shooting in Indianapolis

April 16, 2021
YouTube Blocks Nigerian Preacher TB Joshua Over Gay Cure Claim

YouTube Blocks Nigerian Preacher TB Joshua Over Gay Cure Claim

April 16, 2021

Morning Show

April 16, 2021
Mali Announces Presidential Election Date

Mali Announces Presidential Election Date

April 16, 2021
ARISE.TV HEADLINES 16-04-21

ARISE.TV HEADLINES 16-04-21

April 16, 2021
en English
ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
No Result
View All Result
Saturday, April 17, 2021
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
Arise News
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates
No Result
View All Result
Arise News
No Result
View All Result
Home Business

Chinese Exports Grow More Than Expected in December, Imports Quicken

January 14, 2021
Reading Time: 3min
0 0
0
Chinese Exports Grow More Than Expected in December, Imports Quicken
Share on FacebookShare on Twitter

Chinese exports grew more than expected in December, customs data showed on Thursday, as coronavirus disruptions around the world fuelled demand for Chinese goods even as a stronger yuan made exports more expensive for overseas buyers.

A robust domestic recovery also spurred Chinese appetite for foreign products in December, with import growth quickening from the month prior and beating expectations in a Reuters poll.

Exports rose 18.1% in December from a year earlier, slowing from a 21.1% jump in November but beating expectations for a 15% rise. Imports increased 6.5% year-on-year last month, topping a 5% forecast and picking up pace from November’s 4.5% growth.

Buoyant exports helped drive an impressive rebound in China’s manufacturing sector last year, as the pandemic wreaked havoc abroad. China is expected to be the only major economy to see positive growth in 2020. Exports grew 3.6% over the full year and imports fell 1.1%.

While the pandemic will bring challenges, a reviving global economy and a steady recovery in China’s domestic economy provide a foundation for China to maintain trade growth in 2021, said Liu Kuiwen, customs spokesman, at a briefing.

Going forward, analysts say sustained demand for medical supplies and work-from-home products from coronavirus-hit trading partners should support Chinese exports.

But some worry a rise in raw material prices and in the yuan could squeeze exporters’ profits. The onshore yuan strengthened 6.7% in 2020 — its first annual rise in three years.

“Exports continued to do well last month, as renewed lockdowns abroad ensured the shift in consumption from services to goods persisted in many of China’s trading partners,” said Julian Evans-Pritchard, senior China economist at Capital Economics, in a research note.

But he expected exports and imports to fall later this year as 2020 stimulus runs out and overseas consumption returns to pre-pandemic patterns as vaccines boost a recovery.

“We think trade will remain resilient in the near-term but will soften later this year,” Evans-Pritchard added.

China posted a trade surplus of $78.17 billion in December — the highest reading on Refinitiv records going back to 2007. Analysts in the poll had expected the trade surplus to narrow to $72.35 billion from $75.40 billion in November.

China’s trade surplus with the United States, with which it has waged a bitter trade war in recent years, narrowed to $29.92 billion in December from $37.42 billion in November.

US President-elect Joe Biden has said he will not immediately cancel the Phase 1 trade agreement that outgoing President Donald Trump struck with China nor take steps to remove tariffs on Chinese exports.

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 Arise News - Part of the Arise Media Group.

No Result
View All Result
  • HOME
  • Breaking
  • Global
  • Regional
  • BUSINESS
  • Politics
    • US ELECTION
  • Entertainment
  • Sports
  • TECH
  • Health
  • VIDEOS
  • Covid-19 Updates

© 2020 Arise News - Part of the Arise Media Group.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist