China's Trade Surplus Hits Record High 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 surpasses market expectations and highlights the robust performance of China's export sector.

Exports and Imports Analysis

In dollar terms, exports grew by 6.7% year-on-year, while imports experienced a 3.9% decline. This trend indicates a stronger demand for Chinese goods internationally compared to the domestic appetite for foreign products. In local currency, the trade surplus stood at 692.8 billion yuan, with exports increasing by 1.5% and imports by 1.2% annually.