China’s export growth slowed last month weighed down by slowing global demand and trade tensions with the United States, official data released Saturday showed. Exports rose 5.4 percent for November on-year, short of the 9.4 percent forecast by Bloomberg News, while imports rose 3.0 percent
China’s export growth slowed last month weighed down by slowing global demand and trade tensions with the United States, official data released Saturday showed.
Exports rose 5.4 percent for November on-year, short of the 9.4 percent forecast by Bloomberg News, while imports rose 3.0 percent on-year, also below the forecast, according to customs administration data.
China’s overall trade — what it buys and sells with all countries — logged a $44.7 billion surplus in November, up from $35 billion the previous month, the data showed.
The sagging export and import growth is another bad sign for China’s economy, which grew at its slowest pace for nine years in the third quarter, expanding 6.
