China's November exports fall 3.7% in yuan-denominated terms

China's November exports fell 3.7 per cent from a year earlier in yuan-denominated terms, while imports fell 5.6 per cent, data showed on Tuesday. 

PHOTO: AFP

DEC 8, 201510:10 AM

[BEIJING] China's November exports fell 3.7 per cent from a year earlier in yuan-denominated terms, while imports fell 5.6 per cent, data showed on Tuesday.

That left the country with a trade surplus of 343.10 billion yuan for the month, the General Administration of Customs said.

Dollar-denominated figures have not yet been published.

Economists had expected an export decline of 5.0 per cent in dollar terms after a 6.9 per cent drop in October, with imports seen declining 12.6 per cent following an 18.8 per cent slide the previous month.

China is widely expected to post its slowest economic growth in a quarter of a century this year as activity is weighed down by weak demand at home and abroad, factory overcapacity, high debt levels and cooling investment.

REUTERS