Soft Month for Trade Dashes Hopes for China’s Economic Rebound

China just released its latest set of monthly trade data and the signs weren’t encouraging for goods entering or leaving the world’s No. 2 economy.

Imports unexpectedly shrank in November from a Covid-hit period a year earlier, while exports edged up from a low base. Economists said that combination suggests the nation’s sluggish rebound still hasn’t picked up momentum.