Trade Balance In China Expanded More-Than-Estimated

Trade Balance In China Expanded More-Than-Estimated

Trade Balance in the world's second largest economy expanded more-than-estimated in December last year, adding to signs that Chinese economy rebounded and headed toward growth rates after a period of political instability.

Chinese economy released its trade balance reading concerning the month of December, where the nation's trade balance recorded an actual incline of $4.51 billion, compared with a previous reading of $4.18 billion, while analysts; expectations were $4.20 billion.

At the same time, Chinese exports expanded during December on yearly basis to 14.1%, after recording 2.9 % a year earlier, while analysts' expectations were 5.5%.

Imports also inclined to 6% in December, compared with a previous reading 0.0% a year earlier, while analysts' expectations were 3.3%.

Meanwhile, today's reading will leave the room to monetary policy makers at the People's Bank of China to decide whether to add stimulus or the current environment needs to be stabilized, adding that its highly expected from global outlook to improve after today's reading and gain more confidence in markets.