China’s exports or outbound shipments increased in November, indicating a recovery in global demand.
Outgoing shipments increased 21.1% year-on-year in dollar terms in November, beating the forecast of 12% by a large margin and above the 11.4% of the previous month.
Represented by imports, domestic demand in China increased by 4.5% in November compared to 4.7% in October. Economists predicted an increase of more than 6% in inbound shipments.
China’s trade surplus widened to $ 75.42 billion from $ 53.5 billion expected and $ 58.44 billion the previous month.
Upbeat Chinese export data could reinforce upward pressure on risk assets, benefiting commodity-price currencies such as the AUD and NZD.
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