China Trade Slowdown Shows Xi Must Fuel Consumption: Economy

China’s exports rose less than forecast in November, underscoring the need to accelerate a shift toward domestic demand as the nation confronts a jobless rate newly estimated at almost double the official figure.

Overseas shipments increased 2.9 percent from a year earlier and imports were unchanged, the customs administration said today in Beijing, contrasting with industrial production and retail sales figures yesterday that exceeded estimates. Urban unemployment exceeded 8 percent this year, a central bank-backed research center said yesterday in Beijing.