China's exports and imports stayed below forecasts in November

Source: Reuters
© Scanpix/FP
China's trade surplus climbed to a record $54.47 billion in November against the expected $43.95 billion due to unexpected decline in imports on lower crude oil prices. However, the record level of the surplus is followed by weaker than expected data both on exports and imports. Overseas shipments rose 4.7% from a year earlier, missing the 8% estimate, while imports fell 6.7%, compared with projections of a 3.8% increase.
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