Chinese exports slowed sharply in November in a reminder of the external headwinds that are blowing against the country’s economic recovery.
Exports increased 2.9 per cent year on year, down from an 11.6 per cent pace in October and well short of forecasts for another similarly strong performance. Imports were unchanged from a year earlier, slowing from a 2.4 per cent increase in October, though a pick-up in the volume of key commodity imports was consistent with more positive domestic investment and consumption data.
That resulted in a $19.6bn trade surplus in November for China, its lowest in five months.
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