China’s exports handily beat forecasts in November, adding to recent evidence of a stabilization in the world’s second-largest economy as its leaders embark on an ambitious restructuring plan.
Exports rose 12.7 percent from a year earlier, the Customs Administration said on Sunday, against a median forecast in a Reuters poll of a 7.1 percent rise. Imports rose 5.3 percent, below a forecast of 7.2 percent, leaving a trade surplus of $33.8 billion against forecasts for $21.7 billion.
“There are signs that the global activity and trade cycle is gaining momentum, driven by the recovery in high income countries, and China’s exporters are benefiting from that,” Louis Kuijs, economist at RBS, said in a note.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.