China’s trade surplus gained in December over the previous month in an indication that the world’s second-largest economy is reviving its growth momentum.
According to the data released Thursday by the National Bureau of Statistics, China’s trade surplus rose to $31.6 billion in December, against $19.6 billion in November and far above analysts’ expectation of $19.7 billion. China’s exports rose 14.1 percent in December up from 2.9 percent increase in November.
This report comes after it was reported last week that China's manufacturing activity expanded in December for the third month in a row. The data released Tuesday by the China Federation of Logistics & Purchasing showed that the Purchasing Managers' Index remained unchanged at 50.6 in December from the previous month. Significantly, the index remained in the expansion zone, a reading above 50. The expansion of the manufacturing activity should allay the fears of a sharp retardation of the Chinese economy.
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Reported by IBTimes 16 hours ago.
According to the data released Thursday by the National Bureau of Statistics, China’s trade surplus rose to $31.6 billion in December, against $19.6 billion in November and far above analysts’ expectation of $19.7 billion. China’s exports rose 14.1 percent in December up from 2.9 percent increase in November.
This report comes after it was reported last week that China's manufacturing activity expanded in December for the third month in a row. The data released Tuesday by the China Federation of Logistics & Purchasing showed that the Purchasing Managers' Index remained unchanged at 50.6 in December from the previous month. Significantly, the index remained in the expansion zone, a reading above 50. The expansion of the manufacturing activity should allay the fears of a sharp retardation of the Chinese economy.
Read More on International Business Times
Reported by IBTimes 16 hours ago.