Trade data not as good as it looks
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China’s trade performance continued to disappoint in December.
Per data released by the customs bureau on Friday:
Exports grew 2.3% y/y in December, up from 0.5% growth in November.
Imports grew 0.2% y/y, up from a 0.6% y/y drop the previous month.
China’s trade surplus increased to USD 75.3 billio...