Economics
China's Double-Digit Trade Jump Pairs Global and Domestic Demand
- November shipments rose 12.3% with inbound purchases up 17.7%
- Import growth is seen tumbling next year after a strong 2017
China Exports Jumped in November
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China’s trade engine remained in high gear with a surprise export surge accompanied by further acceleration in imports that signals robust demand in the domestic economy.
Exports rose 12.3 percent in November in dollar terms, the customs administration said Friday, exceeding all economist estimates in a Bloomberg survey where the median estimate was for a 5.3 percent rise. Imports also beat projections with a 17.7 percent increase, widening the trade surplus to $40.2 billion.