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China Reports Smaller Trade Surplus for December

By Anonymous

From Bloomberg: China Reports Smaller Trade Surplus Before Obama Meeting

China reported a less-than-forecast $13.1 billion trade surplus for December, bolstering the nation?s bargaining position ahead of a Jan. 19 meeting where U.S. President Barack Obama may press for more gains in the yuan.

The gap compared with ... November?s $22.9 billion.

Nice timing - but I'm skeptical of China's data. The U.S. trade numbers for November will be released this Thursday. The country-by-country trade numbers are not seasonally adjusted, and there is always a huge surge in imports from China right before the holidays - and then a sharp decline, so this might just be seasonal. We will need to look at the year-over-year numbers for China on Thursday.

Earlier:
? Summary for Week ending January 8th
? Schedule for Week of January 9th

Full post as published by Calculated Risk on January 10, 2011 (boomark / email).