China's trade surplus narrowed to $38.73 billion in November amid sharp drop in exports
China's trade surplus narrowed to $38.73 billion in November from $42.81 billion in October, data published by China's General Administration of Customs revealed on Sunday.
Further details of the publication showed that exports in November declined by 1.1% on a yearly basis to miss the market expectation for an increase of 1% and imports rose by 0.3% following October's 6.4% decline.
One week to go until the United States hikes tariffs on Chinese imports, investors will remain focused on the US-China trade dispute. Earlier last week, US President Trump noted that a deal with China might have to wait until after the 2020 election but on Thursday reiterated trade talks were "moving right along" to confuse markets.
Author
Eren Sengezer
FXStreet
As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.
