FX.co ★ China10-Year Yield Steady Amid Strong Trade Data

China's 10-year government bond yield remained stable at approximately 1.85%, buoyed by strong trade figures that indicate the economy is on track to meet its annual growth target. In November, the trade surplus expanded to USD 111.7 billion, up from USD 97.3 billion the previous year, surpassing the expected USD 100.2 billion and marking the highest surplus since June. This significant surplus is anticipated to support GDP growth following a period of economic deceleration, reinforcing projections that China is likely to achieve its official growth target of about 5%. Exports showed a notable year-on-year increase of 5.9% to USD 330.3 billion in November 2025, outperforming market expectations. In contrast, imports grew at a slower pace of 1.9%, totaling USD 218.7 billion and not meeting forecasts. Investors are now turning their attention to this week's inflation data for insights into China's monetary policy direction and overall economic outlook.