China Nov exports, imports fall more than expected
China’s dollar-denominated exports in November fell a more than expected 8.7% year on year to $296bn, compared with a decline of 0.3 per cent in October, according to official data released on Wednesday.
Forecasts had been for a fall of 1.5%. Imports also fell 10.6% on an annualised basis to $226.2bn, a sharp decline from growth of 0.7%in October. Analysts expected a fall of 4.16% for the month compared to a year ago.
China's trade surplus came in at $69.84bn, lower than the forecast for $78.1bn.