China’s Exports, Imports Both Rise in 2019
Investing.com - China’s exports and imports both rose in 2019, data from the General Administration of Customs showed on Tuesday.
China’s exports in December rose 7.6% from a year earlier, customs data showed. It was the first gain in China’s exports since July 2019 and the fastest growth rate since March 2019.
Meanwhile, imports in December rose 16.3% from a year earlier.
In yuan terms, 2019 exports rose 5% from a year ago while imports 1.6% in the same period.
On Monday, the U.S. removed China from a list of countries considered currency manipulators, the Treasury Department announced.
The Chinese yuan jumped today amid news that the U.S. will no longer label China as a currency manipulator. The two sides are expected to sign the phase one trade deal this week.
China will celebrate the week-long Lunar New Year holiday from Jan. 24.
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