China's Exports Surge, Imports Fall Short

Chinas exports surged in November, outpacing expectations by nearly six percent, following a trade agreement with the U.S. This marks a significant rebound from Octobers unexpected decline. However, import growth fell short of predictions, with a one percent increase, as domestic spending remains sluggish due to housing downturn and job insecurity. Despite the trade truce, high U.S. tariffs on Chinese goods and substantial Chinese tariffs on U.S. imports persist. Chinas factory activity continues to contract, with new orders still declining. Policymakers are set to discuss economic growth targets and policy priorities for the coming year, with experts anticipating a growth target of around five percent.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.