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China trade data below market expectations

  • 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.

     

     

    Tagged as: trade data, China, slowdown, exports, market forecasts, imports, trade surplus, growth, Chinese economy, business news