Chinese Exports Rebound in November

China’s exports grew in November for the first time in nine months while imports also rose, suggesting global and domestic demand are recovering.

Customs data released Thursday showed exports rose 0.1 percent, an improvement over October’s 7.3 percent contraction. Imports rose 6.7 percent, up from the previous month’s 1.4 percent decline.

The trade slump added to pressure on communist leaders to stop a decline in economic growth and avoid politically dangerous job losses.

Despite the latest improvement, government data showed exports for the first 11 months of the year still are down 7.5 percent from a year earlier.

via Mainichi

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza