Investing.com - Chinese trade data showing that exports fell for the fifth month added to fears over a slowdown in the world’s second-largest economy.
Exports fell 6.8% year-on-year in November after a 6.9% decline in October, worse than economists’ forecasts for a drop of 5.0%.
It was the fifth consecutive monthly decline, as weak global demand continued to weigh.
Imports were also down, falling 8.7%, slightly better than forecasts for a 12.6% drop after tumbling 18.8% in October.
It was still the thirteenth consecutive monthly decline, pointing to continued weak domestic demand in China.
China’s trade surplus narrowed to $54.1 billion from $61.6 billion in October, compared to forecasts for a surplus of $63.3 billion.