China's December exports rise 10.7% as factories prepare for potential US tariff hikes

China's exports in December rose 10.7% year-on-year, surpassing expectations of 7% growth. This increase comes as factories rushed to fulfill orders before potential higher tariffs from President-elect Donald Trump take effect. Imports grew by 1%, contrary to predictions of a decline. China's trade surplus expanded to $104.84 billion, driven by strong exports to the US, which increased by 15.6%. Exports to the European Union and Southeast Asia also saw significant growth, indicating robust demand despite a slowing domestic economy. Officials reported that total trade reached a record 43.85 trillion yuan, up 5% from the previous year. While China aims to boost imports, they remain lower than exports, partly due to reduced commodity prices and weak domestic demand.