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- China's trade surplus declined in November
China's trade surplus declined in November
According to data released by the Customs General Administration of China, the trade balance was $ 44.61 bln in November, after the growth recorded in October to $ 49.06 billion. Economists had expected the growth rate to $ 46.30 billion. This indicator measures the ratio of the total exports and imports of all goods and services. A positive balance indicates a surplus, while a negative, deficit. As China's economy has a major impact on the global economy, this indicator has a specific meaning for the Forex market.
Export of goods and services from China increased by 5.9% in November, after declining in October to -7.3%.
Imports rose much higher than expected to 13.0%, after falling in the previous month by 1.4%.
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