China's exports slow, imports decline in November, falling below forecasts
China’s exports slowed in November and its imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost domestic business activity
By ZEN SOO
Published - Dec 10, 2024, 01:27 AM ET
Last Updated - Dec 16, 2024, 05:01 PM EST
HONG KONG (AP) — China’s exports slowed in November and its imports declined, falling below forecasts and underscoring potential weakness in trade at a time when its leaders are striving to boost the economy after the shocks of the COVID-19 pandemic.
Customs data Tuesday showed exports grew 6.7% from a year earlier, down from a 12.7% increase in October. Analysts had estimated that exports had risen more than 8%.
Imports fell 3.9% from a year earlier, reflecting weak demand from industries and consumers.
With exports outpacing imports, China’s trade surplus rose to $97.4 billion.
