Impluseblade
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China's exports grew 14.1 percent in December from a year ago to hit a seven-month peak, according to data from the General Administration of Customs data, rebounding from three-month lows and racing past market expectations for a 4 percent rise.
Imports grew 6 percent on the year in December, also handily beating market forecasts for a 3 percent rise and quickening from zero growth in November.
(Read More: World's No. 2 Economy Is Setting Itself Up for Solid 2013)
That left the country with a trade surplus of $31.6 billion in December, compared with a forecast of $19.7 billion and November's $19.6 billion.
China's iron ore imports rose 11 percent in 2012 from a year ago, while imports of soybean climbed 8.4 percent. The customs administration did not give the total volumes imported for both commodities for the year. Iron ore imports stood at 686 million tonnes in 2011, while soybean imports were at 52.6 million tonnes.
More detailed import figures for December will be released later on Thursday.
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It is an indeed a good news to China and the whole world. This is another solid evidence that the world economy is healing.
Imports grew 6 percent on the year in December, also handily beating market forecasts for a 3 percent rise and quickening from zero growth in November.
(Read More: World's No. 2 Economy Is Setting Itself Up for Solid 2013)
That left the country with a trade surplus of $31.6 billion in December, compared with a forecast of $19.7 billion and November's $19.6 billion.
China's iron ore imports rose 11 percent in 2012 from a year ago, while imports of soybean climbed 8.4 percent. The customs administration did not give the total volumes imported for both commodities for the year. Iron ore imports stood at 686 million tonnes in 2011, while soybean imports were at 52.6 million tonnes.
More detailed import figures for December will be released later on Thursday.
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It is an indeed a good news to China and the whole world. This is another solid evidence that the world economy is healing.