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Developing | China export growth narrows to 6.7% in November amid Trump tariff uncertainty
China’s exports increased in November, but at a slower pace compared to the robust rebound in the previous month, while imports weakened, at a time the world’s second-largest economy is facing growing external trade pressure and sluggish domestic demand.
After posting a strong rebound in October, exports from the world’s second-largest economy grew by 6.7 per cent year on year to US$312.31 billion in November, according to customs data released on Tuesday.
The figure was lower than the expected 8.76 per cent increase surveyed by Chinese financial data provider Wind, and fell short of the 12.7 per cent rise recorded in October.
Imports, meanwhile, fell by 3.9 per cent from a year earlier in November, compared to the 2.3 per cent decrease in October.
This led to a trade surplus of US$97.44 billion in November, compared with US$95.72 billion in October.
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