China’s trade with the rest of the world continued to shrink in November, in the latest negative sign for growth in the world’s second-largest economy.
China’s exports fell in November for the fifth consecutive month, as weak global demand continued to weigh on the world’s largest manufacturing nation. Imports were better than expected—though they remained weak—leading to another sizable monthly trade surplus.
“External demand is still weak with so many uncertainties in November in the U.S. and Europe, but imports were a little better than expected,” said BBVA Research economist Xia Le. “That said, I don’t see a significant rebound in economic momentum,” he added.