China Dec copper imports fall 4.3 pct from mth before -Reuters calculations

China Dec copper imports fall 4.3 pct from mth before -Reuters calculations

China saw its total import and export trade volume increase by 14.2 percent in 2017, ending two years of negative growth in the process.

Dollar-denominated import growth, meanwhile, is seen at 13 percent in December against a 17.7 percent growth in November, the economists forecast.

Chinese trade has been unexpectedly strong in the face of forecasts that economic growth will cool as Beijing tightens controls on credit to slow a rise in debt.

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.

That left the country with a trade surplus of US$54.69 billion for the month, according to a Reuters calculation based on official data.

"Export prospects remain solid, given our outlook for growth globally, although more forceful USA trade restrictions on China's exports remain a key risk, following another rise in the U.S.' bilateral trade deficit in 2017", he said.

For the month of December, the change was even more dramatic: Overall trade for that month fell 50.6 percent from the same period in 2016.

China's 2017 surplus with the United States was $275.81 billion, topping the previous record in 2015 of $260.8 billion.

Beijing has successfully fended off Trump's campaign rhetoric by making trade concessions, further opening up China's financial markets and signing US$250 billion worth of deals with the USA during the president's Beijing visit in November.

The "continued strength of China's exports to the bound to add to U.S".

U.S. President Donald Trump's administration is also considering several unilateral tariff actions on steel, aluminum and China's intellectual property practices likely to draw disputes from WTO members.

Gao Feng, a spokesman for China's Ministry of Commerce, said on Thursday that both countries should manage their differences through dialogue to prevent them from escalating into conflict.

While GAC spokesperson Huang Songping attributed the growth to external forces, such as the global economy recovery and rising commodity prices, a closer look at the data reveals changes to China's domestic economy.

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