China posts strong December exports as world awaits Sino-U.S. trade deal signing
BEIJING (Reuters) - China’s exports rose for the first time in five months in December and by more than expected, signaling a modest recovery in demand as Beijing and Washington agreed to defuse their prolonged trade war.
The world’s largest economies are set to sign a Phase 1 trade deal on Wednesday, marking a significant de-escalation but not an end to a dispute that has rattled financial markets and threatened to derail global economic growth.