China’s foreign trade declined in November, with imports posting a 22% drop from a year ago, Thomson Financial reported, citing the 21st Century Business Herald. November imports were US$70 billion, more than US$20 billion less than the same period last year. Exports also declined by nearly US$18 billion compared to last year. China is still projected to have a trade surplus of US$10 billion, down from a US$26.28 billion surplus last year. China’s General Administration of Customs is scheduled to formally release November trade data on December 10.
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