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ECONOMY

2017 China Exports, Imports Up for First Time in Three Years

In December, China’s exports jumped 10.9% from a year ago to $231.8 billion, down from a 12.3% pace in the previous month. Imports grew 4.5% year-on-year in the month to $177.1 billion, slowing from a rise of 17.7% in November and the lowest reading in a year. Photo: Visual China
In December, China’s exports jumped 10.9% from a year ago to $231.8 billion, down from a 12.3% pace in the previous month. Imports grew 4.5% year-on-year in the month to $177.1 billion, slowing from a rise of 17.7% in November and the lowest reading in a year. Photo: Visual China

China’s exports and imports both increased for the first time in three years in 2017, official figures showed Friday, but trade tensions with the U.S. and cooling domestic demand are clouding prospects this year.

Exports — a key driver of China’s economic expansion in 2017 — rose 7.9% to $2.26 trillion, the highest rate since 2011, according to data released by the General Administration of Customs. Imports soared 15.9% to $1.84 trillion, the strongest increase in six years.

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