China’s trade growth seems to have continued to rebound in December

China’s trade growth is expected to have continued to rebound in December. In the prior month, the nation’s trade growth surprised on the upside and is likely to have continued with its positive momentum in December.

According to a Societe Generale research report, the year-on-year growth rates of imports and exports in RMB terms are likely to have moderated slightly, in spite of robust negative effects, whereas the sequential rates are expected to have come in markedly stronger than is typical for December.

There have been some early signs of well-supported external and domestic demand in December, such as decent readings for new domestic and export orders in China’s PMI reports and also the strong trade figures from Korea for December, added Societe Generale.