3 sources·Business

China's Trade Data Reflect Economic Concerns as Exports Slow and Imports Decline

Recent customs data reveals a slowdown in China's exports and a decline in imports, highlighting economic challenges as leaders seek to stimulate growth.

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Updated: Dec 10th, 2024, 2:04 AM ET

Summary

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China's November trade data shows a 6.7% rise in exports—a decrease from 12.7% in October—and a 3.9% drop in imports, raising concerns about economic stability as trade tensions with the U.S. loom. The trade surplus increased to $97.4 billion, but consumer demand remains weak, with inflation at a low 0.2%. Analysts suggest temporary effects, with some expecting a rebound in exports due to competitiveness and demand for industrial commodities amidst fiscal policy changes. Exports to the U.S. and EU rose, while shipments to Russia faced declines.

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