CHINESE exports to the US continued
to withstand trade war pressures in November, with Beijing's bilateral trade surplus
jumping to US$35.6 billion - the highest ever recorded.
Shipments to the US rose 10 per cent annually to $46.2
billion, while imports into China dropped 25 per cent to $10.7 billion,
according to China's General Administration of Customs.
China's overall trade picture was
less rosy with global shipments growing at the slowest pace in eight months,
official figures showed, reported the Nikkei Asian Review.
Exports climbed 5.4 per cent
year-on-year to $227.4 billion and imports grew just three per cent to total
$182.7 billion, pointing to sustained weak demand back home. China's overall
trade surplus grew to $44.75 billion last month.
Analysts warn that this downward
trend is likely to continue as both the Chinese and global markets face a bleak
economic outlook.
"China's foreign trade will
decelerate eventually as domestic and foreign economic growth moderates and
prices fall," analysts from China Merchants Bank told Caixin.
Source : HKSG.
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