China's December exports rise 13.4% from year earlier, well above forecast

LOS ANGELES (MarketWatch) -- China's trade surplus yawned wider in December, beating expectations as exports shot higher. December exports rose 13.4% compared to a year earlier, the General Administration of Customs said Tuesday, with the result above a 12.5% median forecast reported in a Dow Jones Newswires survey. Exports had risen 13.8% in November. Imports rose 11.8%, below a forecast 18% and cooling sharply from November's 22.1% increase. This resulted in a $16.52 billion surplus for December, which Dow Jones Newswires said compared to expectations for a $7.8 billion. November's surplus amounted to $14.5 billion.

Source: http://feeds.marketwatch.com/~r/marketwatch/bulletins/~3/5QHI3FEr2x0/bulletinredir.asp

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