For­eign trade de­clines for ninth-con­sec­u­tive month

China Daily (Canada) - - NEWS CAPSULE -

China’s for­eign trade in Novem­ber dropped 4.5 per­cent year on year to 2.16 tril­lion yuan ($337 bil­lion), the ninth-con­sec­u­tive monthly de­cline, of­fi­cial data showed

The de­cline range in Novem­ber sig­nif­i­cantly con­tracted when com­pared with the 9 per­cent year-on-year plunge reg­is­tered in Oc­to­ber, data from the Gen­eral Ad­min­is­tra­tion of Cus­toms (GAC) showed.

Ex­ports dropped 3.7 per­cent to 1.25 tril­lion yuan and im­ports fell by 5.6 per­cent to 910 bil­lion yuan. The trade sur­plus ex­panded by two per­cent to 343.1 bil­lion yuan.

In the first 11 months, for­eign trade dropped 7.8 per­cent year on year to 22.08 tril­lion yuan.

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