China Exports Surge More Than Forecast

Copper concentrate imports rose 0.1 percent year on year to a new record high of 1.78 million tonnes in November.

China's exports grew at a faster-than-expected pace in November, data from the General Administration of Customs showed Friday. The surplus was forecast to fall to USD35.0 billion from about USD38.2 billion in October.

It was the fastest annual increase since March 2017.

Still, the world's largest exporter faces uncertainty.

In dollar terms, exports advanced 12.3 percent year-over-year in November, well above the 5.9 percent rise economists had forecast.

Exports are growing amid a global tech boom ahead of the holiday season, they said.

Tighter rules to rein in risks from a rapid build-up in debt and cut pollution have weighed on overall activity since the third quarter.

Some of China's northern provinces have ordered factories to throttle back or halt output to reduce notoriously thick winter smog.

Besides ramped-up efforts to reduce winter pollution, authorities unveiled fresh regulatory measures last month for the financial sector, clamping down on high-risk lending and halting some dubious infrastructure projects that would swell local governments' debt.

In volumes terms, imports of copper, crude oil, iron ore and coal all rose from a month earlier.

Exports stood at 380,000 tonnes, up 8.6 percent from 350,000 tonnes in October and flat on a year earlier.

The trade surplus totaled $40.21 billion in November versus the expected surplus of $35.0 billion.

While exports are contributing to China's economic growth once again, global investors have been more focused on its strong appetite for industrial commodities such as iron ore and coal, which is boosting resources prices worldwide.

Related:

Comments

Latest news

CarMax (NYSE:KMX): What Moffett Nathanson Is Saying About Their Stock
CarMax is the nation's largest retailer of used cars and operates more than 185 stores in 39 states nationwide. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.03.

Derrick Rose will meet with team officials to begin comeback process
The move has paid off, as Wade is averaging 12.9 points per game on 48 percent shooting since taking on a reserve role October 24. Earlier this week, LeBron James began the campaign for Dwyane Wade as the No. 1 candidate for Sixth Man of the Year .

Overview of Different Indicators: Delta Air Lines, Inc. (NYSE:DAL)
Insiders contain to comply with strict disclosure requirements with regard to the sale or purchase of the shares of their company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .

Dignity Health to merge with Catholic Health Initiatives, move headquarters to Chicago
The merger which is still subject to federal, state and church approval, is expected to go through in the second half of 2018. Catholic Health Initiatives' headquarters are based in Englewood, Colorado, and Dignity Health is based out of San Francisco.

Celebrities Who Suffer With Chronic Diseases
Now if that isn’t the epitome of what a BFF is, I don’t know what is! Selena continues to be on chronic medication. There is also a huge list of celebrities past like famous painter vincent Van Gogh who suffered with this disease.

Other news