Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China.
Visual China Group | Getty Images
China’s exports and imports both rose in 2019, Reuters reported citing data from the General Administration of Customs released on Tuesday.
In yuan terms, 2019 exports rose 5% from a year ago while imports 1.6% in the same period.
Trade surplus was 2.92 trillion Chinese yuan in 2019.
For the month of December, exports were up 9% while imports were were 17.7% higher from a year ago, Reuters reported citing data from the Chinese customs.
December trade surplus was 330 billion Chinese yuan.
China’s imports form the U.S. rebounded in November and December, Reuters reported citing China customs vice minister Zou Zhiwu. In particular, China’s soybean and pork imports from the U.S. significantly rebounded in December.
Zou added that positive U.S-China sentiment on trade boosted the confidence of companies in December.
The data comes as…