China’s exports returned to growth in November, as a low comparison base and fading holiday effects helped lift shipments after a decline in the previous month, reports Caixin. This beat market expectations.
The General Administration of Customs said that exports rose 5.9% year-on-year in dollar terms and imports grew 1.9%.
As export growth outpaced imports, the trade surplus widened by $21.6 billion to $111.7 billion, the highest monthly reading in the second half of the year so far. The export reading exceeded the 3.7% average forecast in a Caixin survey of economists, while imports missed expectations for 3.4% growth.