(MENAFN- Qatar News Agency) China's exports outperformed market expectations in November due to improved data in the United States and the European Union.
Exports went up 12.7% year on year in November and imports gained 5.3% year on year, according to the General Administration of Customs on Sunday
November's export growth is above the market expectation of 7.0%, indicating improved data in the United States and the European Union, said Liu Ligang, chief Greater China economist at ANZ Banking Group
This is the second month of year-on-year rises in exports, reversing the decline in October, up 5.6% from a year earlier to 185.4 billion US dollars
Foreign trade stood at 370.6 billion US dollars in November, including 202.2 billion US dollars of exports and 168.4 billion US dollars of imports
Trade surplus hit 33.8 billion US dollars in November, the second month for China to report more than 30 billion US dollars of trade surplus, Liu said
In the total eleven months, foreign trade gained 7.7% year on year to 3.8 trillion US dollars, according to China's (Xinhua) News Agency
China targeted foreign trade growth of 8% year on year in 2013
The target is higher than last year's real growth but below the 10% target set for last year.
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