China's Trade Surplus Surges to $97.44 Billion in November

The General Administration of Customs of China reported a significant increase in the country's trade surplus, reaching $97.44 billion in November, up from $95.27 billion in October. This figure surpassed market expectations and marks a new high for the nation's trade surplus.

In dollar terms, exports experienced a notable 6.7% year-on-year growth, while imports saw a 3.9% decline. This trend indicates a stronger demand for Chinese goods internationally and a slowdown in domestic consumption.

In local currency, the trade surplus stood at 692.8 billion yuan. Exports and imports both saw modest increases of 1.5% and 1.2% respectively on an annual basis.