HONG KONG (AP) — China's exports slowed in November and its imports declined, falling under forecasts and underscoring potential commerce weak point at a time when its leaders are struggling to stimulate the economic system after shocks from the COVID-19 pandemic.
Customs information confirmed on Tuesday that exports rose 6.7% 12 months on 12 months, down from October's 12.7% rise. Analysts had estimated that exports had elevated by greater than 8%.
Imports fell 3.9% from a 12 months earlier, reflecting weak demand from industries and customers.
With exports exceeding imports, China's commerce surplus reached $97.4 billion.
The report got here a day after Beijing pledged to relax monetary policy and supply extra assist to the world's second-largest economic system.
US President-elect Donald Trump has threatened to impose tariffs of 60% or extra on imports of Chinese language items, complicating Beijing's efforts by threatening a sector of the economic system that has carried out comparatively nicely because the sector actual property stays within the doldrums and client spending stays fragile. .
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