Link Securities| According to data from the General Bureau of Customs, China’s trade surplus rose to $104.84 billion in December from $75.31 billion in the same month a year earlier, also beating analysts’ consensus forecast of a $99.8 billion surplus. The figure is the largest since February, driven by a rebound in exports. In particular, exports rose 10.7% year-on-year, beating estimates for a 7.3% increase and accelerating from November’s 6.7%…

Bankinter | China’s inflation data remained unchanged in December and CPI ended at 0.1%, in line with expectations. The Underlying Rate rises one tenth of a percentage point to 0.4% year-on-year. Producer prices closed at 2.3% down year-on-year, slightly better than the 2.4% expected versus 2.5% previously. Analysis team’s view: Inflation continues to weaken and to approach 0% and to reach the lowest since March 2024, while Industrial Prices remain…