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China November exports reverse decline

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China’s November exports rose 0.1 percent on-year, thus reversing October’s 7.3 percent decline. Imports to China in November meanwhile grew at the fastest pace since September 2014, rising 6.7 percent from a year ago. Imports into China had fallen 1.4 percent in October.

The November figures go against predictions of a decline for both imports and exports.

In Chinese yuan terms, exports increased 5.9 percent while imports rose 13 percent from a year ago.
Despite a fall in the Chinese yuan, shipments of commodities into China including iron ore, crude oil, coal and copper also rose in November. Despite the November bounce, overall exports in the first 11 months of the year still fell by 7.5 percent from a year ago, while imports declined 6.2 percent.