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China's Dec dollar-denominated exports grow 10.7% y/y, imports rise 1.0%

ReutersJan 13, 2025 3:07 AM

- China's export growth quickened in December, expanding 10.7% from a year earlier in value terms, while imports rose 1.0%, customs data showed on Monday.

A Reuters poll of economists had forecast 7.3% growth in exports and a 1.5% decline in imports. Those compared with an 6.7% expansion and 3.9% contraction, respectively, in November.

Exports have been a critical pillar of China's economy, helping to offset a prolonged property market slump and sluggish domestic demand, among other economic setbacks.

(Reporting by Ethan Wang and Joe Cash; Editing by Jacqueline Wong)

((ethan.wang@thomsonreuters.com))

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