China's Exports rose 21.1% in November
China's Exports or outbound shipments surged in November, indicating a recovery in global demand.
Outbound shipments increased 21.1% year-on-year in dollar terms in November, beating the forecast of 12% by a big margin and up from the previous month's print of 11.4%.
As represented by Imports, domestic demand in China increased 4.5% in November versus 4.7% in October. Economists predicted a more than 6% rise in inbound shipments.
China's trade surplus widened to $75.42 billion versus $53.5 billion expected and $58.44 billion previous.
The upbeat Exports could bolster the bullish pressure around the risk assets, including commodity dollars such as the AUD and the NZD.
Author
Omkar Godbole
FXStreet Contributor
Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.
