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BEIJING (MNI) - China's imports improved in November as the annual Double
11 online sales campaign boosted demand for imported goods, while exports
continued to fall, data from the customs administration released on Sunday
Here are some key points:
- Exports fell 1.1% y/y to $221.74 billion in Nov, faster than last month's
0.9% y/y drop. Exports in Jan-Nov declined 0.3%.
- Imports rose 0.3% y/y to $183.01 billion, the first yearly increase in
seven months. Imports in Oct fell 6.4% y/y, while in Jan-Nov they were down 4.5%
- Trade surplus shrunk to $38.73 billion from $42.81 billion in Oct, adding
the total of the year to $377.60 billion.
- Exports to the U.S. fell 23.0% y/y following 16.2% drop in Oct, while imports
were up 2.8%, reversing the 14.4% drop last month. Exports to the EU declined
3.8%, following 3.1% growth. Imports from the EU were up 1.9%, rebounding from
13.9% drop in the previous month.
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