Foreign trade declines for ninth-consecutive month
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.