China’s exports in January fell by 6.6 per cent in yuan terms compared with the same month last year, following on from a 2.3 per cent rise in exports last December,

the General Administration of Customs said on Monday.

Imports continued to fall last month with the pace accelerating to 14.4 per cent in yuan terms from a 4 per cent fall in December.

Trade surplus in January expanded to 406.2 billion yuan (HK$485 billion) compared with December’s surplus of 382 billion yuan.

READ MORE: China’s export figures stronger than expected in December amid fears over nation’s slowing economy

However, the customs agency, which is responsible for managing the import and export of goods and services into China, said a leading export indicator rose in January – the first monthly rise since February 2015, and indicated that export pressure was likely to be eased in the second quarter.

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