• China's exports growth accelerates more than expected in November

Market news

7 December 2020

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.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.