China's exports slumped more than expected in December as global trade remained sluggish while the growth in imports also cooled, official data showed Friday.
For the month, exports decreased 6.1 percent on-year in dollar-denominated terms, compared with a 0.1 percent increase in the previous month, Reuters reported on Friday, citing official data. Imports meanwhile rose 3.1 percent from a year ago, down from November's 6.7 percent growth. December's trade balance stood at $40.82 billion, versus $44.61 billion in the previous month.
A Reuters poll of economists had expected exports to fall 3.5 percent, imports to rise 2.4 percent and the monthly trade surplus to hit $46.50 billion.
For 2016, Chinese exports dropped 7.7 percent on-year, the worst fall since 2009, according to Reuters. Imports declined 5.5 percent. That left the world's second-largest economy with a 2016 trade surplus of $509.96 billion. In yuan terms, 2016 exports dropped 2 percent on-year, while imports picked up 0.6 percent.