China trade surplus shrinks in Nov

FXStreet (Mumbai) - According to China customs, the Chinese trade surplus shrank to Yuan 343B in Nov, falling sharply from record high levels seen in Oct at Yuan 343B, against a rise to Yuan 395B expected.

While the exports saw a slower pace of decline, dropping -3.7% y/y against -6.9% booked in Oct, beating a -5.0% drop estimated. China Nov imports declined -5.6% y/y, showing an improvement from -18.8% previously. Markets had predicted imports to fall -12.6% last month. China Jan-Nov exports -2.2% y/y; imports -14.4% y/y.

China Customs gives export/import numbers in yuan terms