China’s Exports or outbound shipments surged in November, indicating a recovery in global demand.
Outbound shipments increased 21.1% year-on-year in dollar terms in November, beating the forecast of 12% by a big margin and up from the previous month’s print of 11.4%.
As represented by Imports, domestic demand in China, increased 4.5% in November versus 4.7% in October. Economists predicted a more than 6% rise in inbound shipments.
China’s trade surplus widened to $75.42 billion versus $53.5 billion expected and $58.44 billion previous.
The upbeat Exports could bolster the bullish pressure around the risk assets, including commodity dollars such as the AUD and the NZD.
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