China trade balance surplus narrows in January as imports accelerates 

By @ibtimes on

China' economy issued today its report, showing that the trade balance surplus narrowed during the month of January, as the nation's imports growth accelerated more than expected for the four consecutive months, came as a negatively impact on the exports' gains.

China's trade balance surplus narrowed $6.45 billion during the month of January, compared with a previous surplus of $13.10 billion in December, and the actual reading came worse than the anticipated surplus of $11.30 billion.

Exports rose 37.7% during the year ended January, compared with a previous 17.9% a year earlier, and forecasts referred to 22.5%. On the other hand, imports (YoY) inclined 51.1% in January, compared with a previous 25.6% year earlier, while analyst's estimated of 27.0%.

Furthermore, the Chinese currency (the Yuan) dropped for the second straight session, declined 4 basic points to 6.5948.

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