According to data released by the General Administration of Customs of China on Monday (December 8), China's exports denominated in US dollars increased by 5.9% year-on-year in November, reversing the 1.1% decline in October and exceeding Reuters' estimate of 3.8% growth. Aerial photo of Shanghai port filled with containers. (Agence France Presse)

The extension of the trade ceasefire between China and the United States has driven China's export growth in November to be better than expected.

According to data released by the General Administration of Customs of China on Monday (December 8), China's exports denominated in US dollars increased by 5.9% year-on-year in November, reversing the 1.1% decline in October and exceeding Reuters' estimate of 3.8% growth; Imports increased by 1.9% year-on-year, better than the 1% growth in October, but still lower than the market's expected 3% growth; The surplus was 111.68 billion US dollars (144.7 billion Singapore dollars), higher than the expected 103.1 billion US dollars.

Bloomberg reported that China's export growth rebounded in November, pushing the cumulative amount of China's trade surplus to a record high of $1 trillion.

According to data from the General Administration of Customs, China's foreign trade growth rate rebounded in November, with a total import and export value of goods worth 3.9 trillion yuan (RMB, the same below, 710 billion Singapore dollars), a year-on-year increase of 4.1%, which is 4 percentage points faster than the previous month. Among them, exports amounted to 2.35 trillion yuan, an increase of 5.7%; Imports amounted to 1.55 trillion yuan, an increase of 1.7%.

As of November, China's import and export of goods have maintained year-on-year growth for 10 consecutive months.

From a cumulative perspective, in the first 11 months of this year, China's total import and export value was 41.21 trillion yuan, a year-on-year increase of 3.6%, and the growth rate remained the same as the first 10 months. Among them, exports amounted to 24.46 trillion yuan, an increase of 6.2%; Imports amounted to 16.75 trillion yuan, an increase of 0.2%.

Both sides agreed to withdraw tariffs and export controls, which also boosted China's export growth in November.

According to data released by the General Administration of Customs of China on Monday (December 8), China's exports denominated in US dollars increased by 5.9% year-on-year in November, reversing the 1.1% decline in October and exceeding Reuters' estimate of 3.8% growth. Aerial photo of Shanghai port filled with containers. (Agence France Presse)

The extension of the trade ceasefire between China and the United States has driven China's export growth in November to be better than expected.

According to data released by the General Administration of Customs of China on Monday (December 8), China's exports denominated in US dollars increased by 5.9% year-on-year in November, reversing the 1.1% decline in October and exceeding Reuters' estimate of 3.8% growth; Imports increased by 1.9% year-on-year, better than the 1% growth in October, but still lower than the market's expected 3% growth; The surplus was 111.68 billion US dollars (144.7 billion Singapore dollars), higher than the expected 103.1 billion US dollars.

Bloomberg reported that China's export growth rebounded in November, pushing the cumulative amount of China's trade surplus to a record high of $1 trillion.

According to data from the General Administration of Customs, China's foreign trade growth rate rebounded in November, with a total import and export value of goods worth 3.9 trillion yuan (RMB, the same below, 710 billion Singapore dollars), a year-on-year increase of 4.1%, which is 4 percentage points faster than the previous month. Among them, exports amounted to 2.35 trillion yuan, an increase of 5.7%; Imports amounted to 1.55 trillion yuan, an increase of 1.7%.

As of November, China's import and export of goods have maintained year-on-year growth for 10 consecutive months.

From a cumulative perspective, in the first 11 months of this year, China's total import and export value was 41.21 trillion yuan, a year-on-year increase of 3.6%, and the growth rate remained the same as the first 10 months. Among them, exports amounted to 24.46 trillion yuan, an increase of 6.2%; Imports amounted to 16.75 trillion yuan, an increase of 0.2%.

Both sides agreed to withdraw tariffs and export controls, which also boosted China's export growth in November.