China exports fall in Nov, imports recover

China’s exports declined for the fourth consecutive month in November as a trade war with Washington rumbles on, official data showed yesterday, although imports rebounded.

Exports were down by 1.1 per cent in the last month of the year, after a drop of 0.9 per cent in October on slowing global demand.

The figures were worse than a Bloomberg forecast which expected an increase of 0.8 per cent.

Imports were up 0.3 per cent from the year earlier, after falling for the previous six months. Analysts polled by Bloomberg had predicted a drop of 1.4 per cent.

China’s trade surplus with the United States, a key point of anger in the White House, fell to $24.61 billion from $26.42 billion the month before.

The figures were published as the world’s top two economies search for an end to the trade war launched last year by US president Donald Trump that has roiled world markets and investor confidence.

Negotiations appeared to take a hit after the US passed legislation in support of Hong Kong pro-democracy protests and a bill seeking sanctions against senior Chinese officials over the crackdown on mainly Muslim Uighurs in Xinjiang.

 

China exports fall in Nov, imports recover

Chinas exports declined for the fourth consecutive month in November as a trade war with Washington rumbles on, official data showed yesterday, although imports rebounded. Exports were down by 1.1 per cent in the last month of the year, after a drop of 0.9 per cent in October on slowing global demand. The figures were worse than a Bloomberg forecast which expected an increase of 0.8 per cent. Imports were up 0.3 per cent from the year earlier, after falling for the previous six months. Analysts polled by Bloomberg had predicted a drop of 1.4 per cent. Chinas trade surplus with the United States, a key point of anger in the White House, fell to $24.61 billion from $26.42 billion the month before. The figures were published as the worlds top two economies search for an end to the trade war launched last year by US president Donald Trump that has roiled world markets and investor confidence. Negotiations appeared to take a hit after the US passed legislation in support of Hong Kong pro-democracy protests and a bill seeking sanctions against senior Chinese officials over the crackdown on mainly Muslim Uighurs in Xinjiang.