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China’s exports rebounded in November after declining in October, as overall trade sentiment improved on the heels of high-level trade talks with Washington –though shipments to the US continued their steep decline.
Outbound shipments rose 5.9 per cent year on year to US$330.35 billion, customs data showed on Monday. This marked an improvement from October’s 1.1 per cent drop and beat the 3 per cent increase projected by financial data provider Wind.
Imports reached US$218.67 billion in November, rising 1.9 per cent year on year, accelerating from October’s 1 per cent growth but missing Wind’s 2.85 per cent forecast. China posted a trade surplus of US$111.68 billion for the month.
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“The rebound of export growth in November helps to mitigate the weak domestic demand,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management.
“It seems the economy is on track to deliver around 5 per cent growth this year, in line with the government’s target. The upcoming Politburo meeting and the central economic work conference will shed light on the policies in 2026,” he said, adding that he expects fiscal policy to become more proactive in the first quarter to boost infrastructure investment.
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Exports to the US continued to fall last month, declining 28.6 per cent year on year, compared to a 25.2 per cent fall in October.