China’s exports increased in November, imports decreased, foreign trade sluggish
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Imports fell 0.6 percent to US$223.5 billion in November after rising three percent in October. Efforts are underway to get the country back on track after the strict restrictions imposed to deal with Covid-19 were lifted at the end of last year.
China’s exports increased in November after seven months, while imports declined. Earlier, an increase in exports was recorded in April. Exports rose 0.5 percent to US$291.9 billion from a year earlier.
However, imports fell 0.6 percent to US $ 223.5 billion in November after rising three percent in October. Efforts are underway to get the country back on track after the strict restrictions imposed to deal with Covid-19 were lifted at the end of last year.
However, China’s foreign trade has remained sluggish due to lack of global demand. China’s trade surplus in November increased by 21 percent to US$68.4 billion, from US$56.5 billion in October. Demand for Chinese exports has been weak after the Federal Reserve and central banks in Europe and Asia began raising interest rates last year to curb inflation.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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