China's commerce ministry: Closely monitoring changes in trade conditions

China's Commerce Ministry was out with a statement in the last hour, saying that front-loading amongst exporters were not the main drivers for China’s strong trade performance.

Key points:

   •  Closely monitoring changes in trade conditions.
   •  Expects to have strong trade next year.
   •  Will lower costs for importers and exporters.
   •  Sees strong trade momentum despite rising protectionism.
   •  Very confident of reaching an agreement on trade with the US in 90 days period.
   •  High level of consensus reached by China, US.
   •  Consensus reached with the US on agriculture, energy and cars.
   •  What has been agreed will be immediately implemented.
   •  The ultimate goal in the US-China negotiations is to remove all tariffs.
   •  China, US will continue to negotiate on agriculture, energy, services and other sectors.