Export has been a rare bright spot as the world’s second largest economy contends with lackluster domestic consumption and a prolonged housing downturn.
China's exports and imports both missed expectations in November, with exports rising 6.7% in U.S. dollar terms from year ago and imports falling 3.9%, data from the country's customs authority.showed Tuesday, fueling worries over the health of the Chinese economy as consumer demand remains sluggish and tariff threats loom.Import data surprised with a decline of 3.9%, marking the sharpest fall since September 2023. Analysts had expected imports to grow 0.3%.The year-to-date exports in U.
Exports have been a rare bright spot for the world's second-largest economy that has been marred with lackluster domestic consumption and a prolonged housing downturn.to ramp up monetary and fiscal policy stimulus to boost growth next year, and promised"unconventional counter-cyclical adjustments" to bolster domestic consumption demand.Export growth could further pick up going into early 2025, as U.S.
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