China Nov Exports +12.3% on Year; Expected +6.0%

Features Dow Jones Newswires

China's exports grew 10.3% in November from a year earlier in yuan terms, following a 6.1% gain in October, official data showed Friday.

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Imports for November expanded 15.6% in yuan terms from a year ago, compared with a 15.9% rise in October, the General Administration of Customs said.

The country's trade surplus widened last month to 263.6 billion yuan ($39.8 billion) from CNY254.5 billion the previous month.

Trade figures in dollars will be released later in the day.

--Grace Zhu

BEIJING--China's exports grew for a ninth straight month in November and at a faster pace, as external demand for goods from the world's second-largest economy remained solid, while growth in its demand for imports remained in double digits.

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Exports jumped 12.3% in November from a year earlier, following 6.9% growth in October, the General Administration of Customs said Friday.

A poll of economists by The Wall Street Journal had forecast the value of shipments overseas to grow 6.0%.

Imports in November expanded 17.7% from a year earlier, compared with a 17.2% gain in October. The rise was larger than the poll's forecast for a 12.0% gain.

China's imports have been growing at a double-digit pace since January.

China's trade surplus widened in November to $40.21 billion from $38.2 billion the previous month, exceeding the median forecast for a $34.2 billion surplus.?

Write to Grace Zhu at grace.zhu@wsj.com

(END) Dow Jones Newswires

December 07, 2017 22:59 ET (03:59 GMT)