China’s exports, imports accelerate in November
Chinese exports and imports are predicted to advance faster than their usual pace in November. The expectation came after the world’s third-largest economy saw an increase in demand, while other countries’ factories are still grappling with the coronavirus drag, a Reuters survey showed on Friday.
After recording an 11.4% jump in October, the country’s exports are expected to have jumped 12% from a year earlier, according to a poll of 24 economists. Meanwhile, imports likely saw a 6.1% increase year-on-year, placing higher than the 4.7% jump in October, brought by upbeat commodity prices and recovering domestic demand.
Strong sales of refrigerators, toasters, and microwaves across the globe greatly fuelled China’s manufacturing sector, helping the country recover from a deep slump earlier this year as demand for key metals increased.