Push Forward Export Volume from China is Rising Again

Source: dpa 1 min Reading Time

In October, Chinese exports were unexpectedly weak. After a meeting with Donald Trump, things are picking up again—except for one thing...

China's export flag flutters in the newfound tailwind. Read here what made November so special for the largest republic and its exports...(Image: Chung Dao)
China's export flag flutters in the newfound tailwind. Read here what made November so special for the largest republic and its exports...
(Image: Chung Dao)

China's exports have risen significantly again after a surprising decline. Compared to the same month last year, exports measured in dollars increased by 5.9 percent in November, according to the customs authority in Beijing. Imports grew by 1.9 percent over the same period, it further stated. The trade surplus amounted to almost 111.7 billion dollars (around 95.9 billion euros). Exports thus exceeded analysts' expectations, who had predicted only a 3.8 percent increase. Imports, however, fell short of the experts' forecasts, who had anticipated a 2.8 percent increase.

Meeting Between Trump And Xi Jinping Shows Effect

In October, China's exports unexpectedly fell by 1.1 percent year-on-year. The significant increase in November apparently followed the meeting between U.S. President Donald Trump and China's President Xi Jinping, who met in South Korea at the end of October. During this meeting, the two largest economies in the world were able to resolve some issues in their months-long trade dispute and reach agreements on certain matters. This likely gave a boost to Chinese exports. Curiously, however, trade with the U.S. slumped—dropping by a substantial 29 percent in November! Imports from the U.S. fell by 19 percent. Germany imported 15.5 percent more goods from China but exported 4.2 percent less there.

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