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China Trade Growth Missed Expectations Last Month
2018-12-13

Dec 13 (LTIT) –China's import and export growth missed forecasts after decelerating in November, according to data from its customs agency.

 

Total exports gained 5.4 percent to USD227 billion while imports rose 3 percent to USD183 billion, the General Administration of Customs said online on Dec. 8. The trade balance jumped 16.4 percent to USD44.8 billion.

 

The growth was significantly weaker than expected, said Lian Ping, chief economist at the Bank of Communications' financial research center. The economic slowdown in developed countries, which had high base figures last year, and the negative impact of trade frictions led to reduced export growth, he continued.

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