China’s trade volume expands more than expected in December as exports surge – Investing.com

Investing.com- China’s trade volume grew more than expected in December, helped by stronger-than-expected imports while domestic companies prepare for US trade tariffs under President-elect Donald Trump.

increased to $ 104.84 billion in December, compared to expectations of $ 100 billion, government data showed on Monday. The reading is also up significantly from the $92.44 billion seen last month.

it grew by 10.7% year-on-year, beating expectations of 7.3% and up significantly from the 6.7% seen in November. The strong announcement came as domestic exporters put their American goods first before the imposition of tariffs on imports by Trump, who has vowed to impose duties from “day one” of his presidency.

Trump will take office on January 20.

The sharp drop in imports also dampened China’s unexpected increase in exports, as domestic demand showed signs of improvement amid unchanged stimulus measures. from Beijing.

rose 1% in December, against expectations of a 1.5% decline. Imports also improved from the 3.9% decline seen last month.

Domestic demand in China is expected to improve this year, especially as Beijing offers strong stimulus measures to support the economy. The government is expected to increase spending to slow the economy as a result of Trump’s tariffs.