Benefiting from a low base effect, the Chinese economy is likely to report stronger trade growth numbers in December, the latest Reuters poll of 31 economists revealed on Monday.
“Exports by the world’s second-largest economy likely rose 3.2% in December from a year earlier, improving from a 1.3% drop in November and marking the first pickup since a 3.3% rise in July.
Imports are forecast to have jumped 9.6% from a year earlier in December, the strongest pace since October 2018.
However, analysts say the risks of further complications and a re-escalation of trade tensions remains, despite the preliminary deal.
Goldman Sachs analysts said the turnaround was due mainly to the low base and a more visible effect of front-loading of exports last month.”