China’s November Trade Balance: Surplus shrinks as exports and imports disappoint China ForeignTrade EconomicIndicator AUDUSD
China's Trade Balance for November, in Chinese Yuan terms, came in at CNY494.3 billion versus CNY575.45 expected and CNY586.81 billion last.The country’s imports dropped by 1.1% vs. 4.1% expected and 6.8% prior.China reported a reduction in the trade surplus, as exports and imports showed a bigger-than-expected slump.Exports : -8.7% vs. -3.5% exp. and -0.3% prior.Meanwhile, China’s Jan-Nov Yuan-denominated Exports arrived at +11.9% YoY.China’s Jan-Nov Trade Balance stood at CNY+5.
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