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China export growth slows in November: Customs data

China export growth slows in November: Customs data

China’s export growth slowed last month weighed down by slowing global demand and trade tensions with the United States, official data released Saturday showed.

Exports rose 5.4 per cent for November on-year, short of the 9.4 per cent forecast by Bloomberg News, while imports rose 3.0 per cent on-year, also below the forecast, according to customs administration data.

China’s overall trade — what it buys and sells with all countries — logged a USD 44.7 billion surplus in November, up from USD 35 billion the previous month, the data showed.

The sagging export and import growth is another bad sign for China’s economy, which grew at its slowest pace for nine years in the third quarter, expanding 6.5 per cent on-year for July-September.