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China’s Exports and Imports Hit New Records on Strong Demand

  • Imports jump more than 30% on energy and metals demand
  • Exports were above $300 billion for a third straight month
Views of the Yangshan Deepwater Port Ahead of China Trade Figures
Photographer: Qilai Shen/Bloomberg
Updated on

China’s exports and imports grew faster than expected in November, with both hitting records as external demand surged ahead of the year-end holidays and domestic production rebounded on an easing power crunch. 

Exports rose 22% in dollar terms from a year earlier to almost $326 billion, while imports grew almost 32% to about $254 billion, the customs administration said Tuesday. Economists had forecast exports to grow by 20.3% and imports to increase by 21.5%.