January 14, 2020 / 2:19 AM / 9 days ago

China December yuan-denominated exports up 9%, imports up 17.7%

FILE PHOTO: Chinese 100 yuan banknotes are seen on a counter of a branch of a commercial bank in Beijing, China, March 30, 2016. REUTERS/Kim Kyung-Hoon/File Photo

BEIJING (Reuters) - China’s yuan-denominated exports in December rose 9% from a year earlier, customs data showed on Tuesday, while imports rose 17.7%.

That left China with a trade surplus of 330 billion yuan in December, according to Reuters calculations based on customs data.

For the full year of 2019, China’s yuan-denominated exports rose 5% while imports rose 1.6%, producing a trade surplus of 2.92 trillion yuan.

China’s total trade in yuan terms with the United States dropped 10.7% from a year earlier over the full year, customs data showed.

Reporting by Gabriel Crossley; Editing by Kim Coghill

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