Chinese exports rebounded in November, breaking a seven-month streak of decline, as reported by the General Administration of Customs (GAC). Overseas shipments registered a 0.5 percent year-on-year increase, reaching $291 billion, surpassing analyst expectations of a 0.3 percent contraction.
This positive development comes amid China’s ongoing efforts to navigate a challenging recovery from the COVID-19 pandemic. Despite the improved export figures, imports experienced a 0.6 percent contraction, highlighting persisting economic challenges.
China’s economy expanded by 4.9 percent in the third quarter, slightly below the government’s five percent target. Challenges include weak global demand, a debt-fueled property crisis, and subdued consumption.
