China’s November imports and exports respectively fell 8.7% and 6.8% in US dollar terms compared to a year ago, bringing the country’s trade surplus to US$54 billion, The Financial Times reported, citing figures from the General Administration of Customs. Despite weak domestic and external demand, a report by the Asian Development Bank on Monday showed China’s share of Asia’s overall manufactured goods exports rose sharply between 2000 and 2014–most dramatically in high-tech goods, where its share rose from 9.4% in 2000 to 43.7% in 2014 at the expense of Japan, whose share fell from 25.5% to 7.7% for the same period.
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