China’s Exports Go up After US Trade Agreement
Data released by China’s General Administration of Customs indicated that exports increased by 5.9% compared to the same period last year, reaching $330.3 billion in November.
This data was published on the same day that the Communist Party of China’s (CPC) senior leadership emphasized that enhancing domestic demand in the upcoming year should be a key focus for the economic team, according to a state-run news agency.
Exports had previously fallen by 1.1% in October as trade tensions with the US over tariffs and other economic issues intensified.
Meanwhile, imports in November rose by 1.9% year-on-year to $218.6 billion, following a 1% increase in October.
The nation recorded a foreign trade surplus of $111.6 billion for November. Moreover, the trade surplus for the first 11 months of the year surpassed the $1 trillion mark.
Looking ahead, the CPC politburo stated after a meeting chaired by Chinese President Xi Jinping in Beijing on Monday that "it is essential to adhere to domestic demand as the main driver, building a strong domestic market, and adhere to innovation-driven development, adhere to reform and tackling key challenges."
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
