China trade surplus shrinks in Nov

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - According to China customs, the Chinese trade surplus shrank to Yuan 343B in Nov, falling sharply from record high levels seen in Oct at Yuan 343B, against a rise to Yuan 395B expected.

    While the exports saw a slower pace of decline, dropping -3.7% y/y against -6.9% booked in Oct, beating a -5.0% drop estimated. China Nov imports declined -5.6% y/y, showing an improvement from -18.8% previously. Markets had predicted imports to fall -12.6% last month. China Jan-Nov exports -2.2% y/y; imports -14.4% y/y.

    China Customs gives export/import numbers in yuan terms
    For more information, read our latest forex news.

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