China Customs: Trade stabilized and improved through 2016

Additional headlines hit the wires from a spokesperson from China's Custom Department; following the release of soft Chinese trade data.

Key Points:

Foreign trade situation still faces difficulties

Exports and imports rose in Q4 (yuan denominated imports +8.7% y/y in Q4, for exports +0.3% y/y in Q4)

Trade had mild recovery in Q4 2016

Trade stabilized and improved through 2016

External environment has been recovering