China’s Dec trade data (Yuan terms): Surplus shrinks on imports surge

China's trade balance for December, in Yuan terms, came in at CNY +235.2 bn vs +235.2 bn expected and +263.6 bn last. Exports came at 10.8% y/y vs 6.7% expected and 10.3% last, while imports were +18.7% y/y vs 15.1% expected and 17.7% last.

Key Headlines via China Customs:

Chinese trade to the US up 15.2% y/y In 2017.