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Trade Surplus Narrows as Export Growth Decrease for the Fourth Consecutive Month

Source: CNRChinaScope Financial (Data)
+   Data from China’s custom show that China’s trade surplus in November was RMB 14.52 Tn, down 34.0% YOY.
+   November’s data show the fourth month in a row with falling export growth. Export was USD 174. 46 Bn, up 13.80% YOY but down from the 15.90% YOY growth in October. 
+   Import in November was USD 159.94 Bn, up 22.1% from a year earlier, but down 6.6 percentage points from the 28.70% YOY growth in October.
+   Famous economist Li Yang is not concerned about the decrease in external demand; he predicts that annual GDP growth may still exceed 9% even if the contribution of foreign trade to economic growth is zero or even negative.