Chinese exports rose against expectations in November for the first time in six months, while imports fell.
According to data from China's customs authority, Chinese exports rose about 0.5 percent year-on-year in November, reversing expectations of a 1.1 percent decline. Imports fell 0.6 percent, contrary to analysts' estimates of a 3.3 percent increase.
Over the first 11 months of 2023, Chinese exports and imports fell by about 5 and 6 percent, respectively. The value of Chinese exports to the U.S. rose about 7 percent in November year-on-year.
Source (CNBC Arabia Website, Edited)
