China’s exports returned to growth in November following an unexpected contraction the month before, although shipments to the United States dropped nearly 29% from a year earlier in an eighth straight month of double-digit declines.
Overall exports from China were 5.9% higher than last year in November in dollar terms, customs data released on Monday showed, at $330.3 billion, better than economists’ estimates. That was an improvement from a 1.1% contraction in October.
While exports from China to the US have fallen for most of the year, shipments have surged to other destinations, including Southeast Asia, Africa and Latin America.
China’s imports increased 1.9% in November, better than October’s 1% growth, even though a persistent downturn in the property sector is still weighing on consumer spending and business investment.
A year-long trade truce between China and the US was reached at a meeting between US President Donald Trump and Chinese leader Xi Jinping in late October in​China’s exports returned to growth in November following an unexpected contraction the month before, although shipments to the United States dropped nearly 29% from a year earlier in an eighth straight month of double-digit declines.
Overall exports from China were 5.9% higher than last year in November in dollar terms, customs data released on Monday showed, at $330.3 billion, better than economists’ estimates. That was an improvement from a 1.1% contraction in October.
While exports from China to the US have fallen for most of the year, shipments have surged to other destinations, including Southeast Asia, Africa and Latin America.
China’s imports increased 1.9% in November, better than October’s 1% growth, even though a persistent downturn in the property sector is still weighing on consumer spending and business investment.
A year-long trade truce between China and the US was reached at a meeting between US President Donald Trump and Chinese leader Xi Jinping in late October in ​Latest News [ SOBAN NEWS: International and National ]
