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China’s November exports rise 21.4% but growth eases


AP Business Writer

BEIJING (AP) — China has reported its exports rose by double digits in November but growth declined, while imports accelerated in a sign of stronger domestic demand. Customs data showed exports rose 21.4% over a year earlier to $325.5 billion, decelerating from October’s 27.1% growth. Imports surged 31.7% to $253.8 billion, up from 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. Stronger imports suggest consumer and other demand is rebounding after economic growth sank to an unexpectedly low 4.9% over a year ago in the latest quarter.

Article Topic Follows: AP National News

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