China exports/imports fall in November
By Frank Prenesti
Date: Tuesday 10 Dec 2024
(Sharecast News) - Trade data from China showed a fall in exports and imports last month, in a worrying sign for policy makers ahead of threatened tariffs from the incoming administration of US President-elect Donald Trump.
Exports grew 6.7% in November, down from a 12.7% rise in October and missing estimates of an 8.5% increase. Imports contracted by 3.9% against forecasts of a 0.3% increase.
Trump has threatened to hammer the world's second-largest economy with big trade tariffs, which would exacerbate the impact of already anaemic domestic demand. Recent stimulus measures have failed to have an impact, although more was pledged on Monday after another weak inflation readout.
Reporting by Frank Prenesti for Sharecast.com
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