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Chinese exports unexpectedly jump

Chinese exports climbed for the first time since June last month, outpacing forecasts with figures that are likely to spark talk about how a weaker currency may be aiding the economy.

According to trade figures just released by the National Bureau of Statistics, in renminbi, December exports rose 2.3 per cent, against forecasts they would fall 4.1 per cent. Imports tumbled only 4 per cent, against expectations for a 7.9 per cent fall.

The 2.3 per cent rebound in exports marks the first year-on-year gain since June and the biggest climb since February. The 4 per cent decline in imports is the smallest contraction of 2015.

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