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China's December exports slow, imports accelerate
China's December export growth slows, imports accelerate; 2013 trade surplus widens to $260B
Associated Press
2014-01-10 10:42 AM

BEIJING (AP) -- China's export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world's second-largest economy.

Customs data on Friday showed exports in December rose 4.3 percent, slowing from the previous month's 12.7 percent expansion. Import growth rose to 8.3 percent from November's 7.6 percent.

Stronger exports might be a sign China's domestic demand is relatively strong despite concerns a modest economic recovery is weakening.

Economic growth tumbled to a two-decade low of 7.5 percent in the second quarter. It rebounded to 7.8 percent the following quarter but analysts say that recovery is likely to fade.

For the full year, China's global trade surplus widened by 12.6 percent to $260.2 billion.

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