China's trade growth cools in December


China's December imports from North Korea slumped 81.6 percent year-on-year to $54.34 million, China's customs said on Friday.

China and many trade-dependent countries have benefited from a year-long global exports boom that many economists expect will extend well into this year.

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China reported a 7.9 percent jump in exports and 15.9 percent rise in imports - both in dollar terms - for 2017.

China's trade data capped a robust year despite numerous concerns over the health of its economy.

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Recently, acting Governor of the Far Eastern region Andrei Tarasenko told Sputnik, that the turnover between Russia's Primorsky Territory and China increased by 14 percent or $2.5 billion over the first nine months of 2017.

The trade data also showed China's goods surplus with the US, a sore spot in relations between the two nations, hit a record high past year. For comparison, the previous record was a surplus of $260.8 billion in 2015.

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In December 2017 alone, trade turnover between the two states stood at $8.13 billion. Russian Federation imported Chinese goods worth $4.06 billion and exported goods worth $4.07 billion to China in the reported period.