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China's dollar-denominated exports rise 9.9 pct, imports surge 15.8 pct in 2018

China's dollar-denominated exports rise 9.9 pct, imports surge 15.8 pct in 2018
(Image Credit: Pixabay)

China's dollar-denominated exports rose 9.9 per cent in 2018, the General Administration of Customs said on Monday. Imports increased 15.8 percent last year, resulting in a trade surplus of $351.76 billion, the lowest since 2013. Yuan-demoninated exports rose 7.1 pct for the year, and imports 12.9 percent.

The world's largest trading nation got off to a strong start in 2018, but pressure on the economy started to build later in the year as the United States and China began imposing tariffs on each other's goods and global demand started to cool. The Customs office is expected to release dollar-denominated trade numbers for December later on Monday.

(With inputs from agencies.)



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