BloombergChina’s exports unexpectedly fell last month as global demand waned and a deal with the US continued to elude negotiators, while imports rebounded. Exports dropped 1.1 percent in US dollar terms from a year earlier, while imports rose 0.3 percent, the customs administration said yesterday. Economists had forecast that exports would rise 0.8 percent while imports would drop by 1.4 percent. The numbers are a bit surprising as exports unexpectedly fell while imports returned to growth, Singapore-based Commerzbank AG senior emerging markets economist Zhou Hao (周浩) said. China’s trade surplus with the US stood at US$24.60 billion last month, easing from the previous month’s surplus of US$26.45 billion.

Source: Taipei Times December 08, 2019 15:56 UTC