China showing signs of recovery in latest trade report

December 9, 2016

China's imports grew at the fastest pace in more than two years in November, fuelled by its strong thirst for commodities from coal to iron ore, while exports also rose unexpectedly, reflecting a pick-up in both domestic and global demand.

The upbeat data adds to signs of a modest industrial recovery in the world's largest economies, even as China and other Asian exporters brace for a potential trade war once protectionist U.S. president-elect Donald Trump takes office.

"The improvement reflects a strengthening in global demand, with recent business surveys suggesting that developed economies are on track to end the year on a strong note," Julian Evans-Pritchard, China economist at Singapore-based Capital Economics, said in a note.

This has been excerpted from the 8 December 2016 edition of CBC News and is available in its entirety at:
http://www.cbc.ca/news/business/china-november-trade-data-1.3886800


Topic(s): 
Canadian Economy & Politics
Information Source: 
Canadian News Channel
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