China trade data below market expectations
December 8 , 2014
Trade data from China are below expectations, increasing worries of a greater slowdown.
Exports in November were up by 4.7% from last year, compared to a 8.2% increase according to market forecasts.
Imports were down 6.7% in November, while the predictions were of a 3.9% increase.
Because of the unexpected import slump, China's trade surplus has hit a 14-year-high of $54.5 billion.
Though the trade surplus will contribute to the fourth quarter economic growth, the government may need to intervene to prop up growth, some experts say.