China's overseas shipments dropped 1.1% year-on-year in November, below the 1.0% expansion expected by analysts in a Reuters poll. Imports, on the other hand, rose 0.3% as compared to a year earlier — exceeding projections for a 1.8% decline.
The latest print on Chinese trade comes as Beijing remains embroiled in a trade war with Washington. Both parties aim to reach a "phase one" trade deal that has remained elusive ahead of a closely-watched date of Dec. 15, when additional tariffs on Chinese exports to the U.S. are set to kick in.soaring 337.27 points to close at 28,015.06 on Friday — its best performance since Oct. 4.
Does the headline have any coherence any longer? If Chinese exports declined, then why is the market up? Absolute pumping of easy money from Central Banks is on everywhere and this ends badly every time!
month by month export and import does not indicate the health of an economy. however, something like 580 American farmers gone bankrupt recently, and hundreds of American stores closing down, are the correct indicator of a falling economy.
Trump winning, liberals would rather destroy America than allow this
China's overseas shipments dropped 1.1% year-on-year in November, below the 1.0% expansion expected by analysts in a Reuters poll.