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Exports, imports rise as Mainland sees positive trends in domestic demand
Release time:2016-12-09
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The value of the Mainland’s exports rose by 5.9 percent in year-on-year terms last month, the Chinese government-run news agency Xinhua reports.

The report says last month’s imports surged by 13 percent compared to November last year as domestic demand spiked.

State Information Centre of China economist Niu Li told Xinhua that domestic demand and a downward revaluation of the yuan contributed to the positive trend in November’s trade data.

Last month’s trade surplus was 298 billion yuan (US$43.19 billion) on total foreign trade of 2.35 trillion yuan, the General Administration of Customs says.

For the first 11 months of this year, the value of exports was 1.8 percent lower than during the same period last year. Imports during the same period were 0.3 percent less than the same time last year.