China's Trade Surplus Reaches $97.44 Billion in November

According to the latest report from the General Administration of Customs, China's trade surplus surged to a staggering $97.44 billion in November, marking a significant increase from the $95.27 billion recorded in October. This figure surpasses market expectations and highlights the country's robust trade performance.

The report indicates that exports experienced a notable 6.7% year-on-year growth in dollar terms, while imports saw a decline of 3.9% during the same period. This trend underscores the resilience of China's export sector and the potential challenges faced by its import market.

In local currency terms, the trade surplus amounted to 692.8 billion yuan. Exports and imports both registered modest increases of 1.5% and 1.2% respectively, reflecting the overall stability of China's trade activities.