China Reports CNY 2.92 trillion  of Trade Surplus For 2019

  • Jan 14, 2020 AEDT
  • Team Kalkine

The data published by General Administration of Customs on 14 January 2020 suggest that China’s exports rose 5% while the imports increased by 1.6% during 2019. The trade surplus amounted to CNY 2.92 trillion for the year. For December 2019, exports and imports recorded an uptick of 9% and 17.7% year-on-year respectively, closing the year with a trade surplus of CNY 330 billion. It is noteworthy that US-China trade negotiations are ongoing on a positive note, and US has removed China a list of countries considered currency manipulators.

 

 

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