China Posts Less-Than-Expected November Trade Surplus as Imports Swell


Source: yicaiglobal.com yicaiglobal.com

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change language language (Yicai Global) Dec. 7 -- China’s trade surplus shrank 3.4 percent to USD71.7 billion last month from a year earlier as imports rose, according to official data. That was less than the USD82.2 billion predicted by chief economists polled by Yicai Global. Trade rose 26.1 percent to USD579.3 billion in November, according to figures released by the General Administration of Customs yesterday. Exports rose 22 percent to USD325.5 billion, while imports jumped 31.7 percent to USD253.8 billion. The surveyed economists had expected exports to grow by 17.9 percent and imports by 20.1 percent. Imports from major trading...