Business

China exports rise 21.1%, imports up 4.5% in November

China's economy is tipped to rebound this year but exports could suffer as the virus continues
China's economy is tipped to rebound this year but exports could suffer as the virus continues to drag on key overseas markets. (Photo: AFP/Kazuhiro NOGI)
(Updated: )

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BEIJING: China's exports in November rose 21.1 per cent from a year earlier, after 11.4 per cent growth in October, while imports grew 4.5 per cent last month, from a 4.7 per cent expansion in October, customs data showed on Monday (Dec 7).

Analysts polled by Reuters had forecast export growth of 12 per cent in November from a year earlier, and import growth of 6.1 per cent.

China posted a trade surplus of US$75.42 billion in November, compared with a US$58.44 billion surplus in October and a forecast from the Reuters poll for a US$53.5 billion surplus.

Source: Reuters/kv