2020-12-25China trade: exports surge to record levels, as coronavirus lockdowns return to the West.
In November, China’s exports grew by 21.1 per cent from a year earlier, representing the biggest export haul by US dollar value on record
China’s factories continue to benefit from lockdowns elsewhere in the world, with exports growing for the sixth month in a row
China’s exports surged at the fastest pace in almost three years in November, bringing the biggest monthly export haul in the country’s history, data released by its customs agency on Monday showed.
Exports grew by 21.1 per cent last month from a year earlier, from 11.4 per cent in October and well above the consensus result of a survey of analysts, conducted by Bloomberg, which predicted 12 per cent growth.
This was the highest growth rate since February 2018, when exports grew by 44.5 per cent. November’s shipments had a total value of US$268 billion, customs data showed, the highest on record.
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