December trade data from China published this morning shows exports grew 10.8 per cent and imports by a whopping 18.7 per cent this year taking this month’s trade surplus to 362 billion yuan (highest in a year). The surplus with the US set a record at $275 billion while imports from North Korea slumped by 81 per cent. Demand for commodities continues to rise with new records set for crude oil and iron ore imports.
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