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China's Nov exports up 0.5%, imports shrink 0.6%

  • China's exports increased by 0.5% in November, the first rise since April, reversing a 6.4% decline in October.
  • Imports in November saw a 0.6% drop, marking a return to contraction and highlighting weakness in consumer activity.
  • Despite the uptick in exports, shipments to the European Union and the United States dropped by 5.8% and 8.5% respectively, with analysts predicting no significant improvement in the coming months.
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Bloomberg broke the news in United States on Thursday, December 7, 2023.
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