China’s exports and imports drop more than expected
China’s dollar-denominated exports fell 8.7% in November on an annualized basis, declining more than expectations of a 3.5% drop, according to analysts in a Reuters poll.
Imports in U.S.-dollar terms also fell 10.6% for the month compared to a year ago, falling further than an expect drop of 6% in a separate Reuters survey.
The nation’s trade surplus came in at $69.84 billion, lower than the forecast for $78.1 billion.
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