China’s exports increased 0.1% in dollar terms in November, beating economists’ expectations of a 5% drop. This was foreshadowed by an increase in Chinese managers’ expectations discussed in previous Panjiva research. Imports climbed 13% in yuan terms, driven by a mixture of higher oil imports – which may continue following the recent OPEC agreement – and electronics components from South Korea and Taiwan. Exports to the U.S. climbed 8%, including a 40% jump in toy shipments and 20% increase in textiles according to Panjiva data.
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