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- China's exports growth accelerates more than expected in November
China's exports growth accelerates more than expected in November
RTTNews reports that according to the report from the General Administration of Customs, China's exports growth accelerated more-than-expected in November driven by strong demand for electronic goods and medical equipments.
Exports advanced 21.1 percent on a yearly basis in November. This was the biggest growth since February 2018. Economists had forecast shipments to grow 12 percent after rising 11.4 percent in October.
Imports grew moderately by 4.5 percent annually, which was faster than the 6.1 percent increase expected by economists but slower than the 4.7 percent increase logged in October.
As a result, the trade surplus increased to $75.4 billion in November. Economists had forecast the surplus to fall to $53.5 billion from $58.44 billion in the previous month.
China's trade surplus with the United States was $37.42 billion in November.
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