As reported today by the General Customs Administration of China, China's trade surplus of the foreign trade balance in December was $ 40.81 billion. Analysts had expected an increase of $ 46.5 billion
The trade balance - the indicator assesses the overall ratio of exports and imports of goods and services. A positive balance indicates a surplus, while a negative a deficit. As China's economy has a major impact on the global economy, this indicator has a specific meaning for the Forex market.
As the volume of exports from China fell by 6.1% year on year, lower than the previous value of -1.9% and -3.5% forecast. Imports to China increased by 3.1%, after rising 4.7% in October.