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China imports and exports falling again

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Chinese imports and exports both fell in November, official data showed on Tuesday, the latest poor figures from the world’s second-largest economy.

Exports sank 6.8 percent year-on-year to $197.2 billion in November, Customs said; a marginal improvement on the previous month, but worse than the five percent drop forecast.

Overseas shipments have been declining every month this year except for February, when the figures were skewed by the Chinese New Year.

Imports tumbled 8.7 percent to $143.1 billion – the 13th straight month of declines, but narrowing significantly from an 18.8 percent slump in October.