China’s export growth slows, imports quicken on demand
The Hindu
Nov. exports rose 21.4% to $325.5 bn while imports surged 31.7% to $253.8 bn
China’s exports rose 21.4% to $325.5 billion in November but growth slowed, while imports accelerated in a sign of stronger domestic demand.
Export growth decelerated from October’s 27.1% pace, customs data showed Tuesday. Imports surged 31.7% to $253.8 billion, faster than the previous month’s 20.6% rate.
China’s exports have been boosted by foreign demand at a time when other global competitors are hampered by anti-coronavirus controls.
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