China's foreign trade continues to maintain growth momentum
According to data released by the General Administration of Customs of China on the 10th, China's exports denominated in US dollars in November increased by 6.7% year-on-year
Statistics show that in November, China's exports to major trading partners (including the United States, the European Union, and ASEAN) all increased compared to the same period last year. Among them, China has the largest increase in exports to ASEAN countries
Export has always been a bright spot in the Chinese economy. According to customs data released on the 10th, in US dollar terms, China's total export value for the first 11 months of this year increased by 5.4% year-on-year, reaching 3.24 trillion US dollars; The total import value increased by 1.2% year-on-year, reaching 2.36 trillion US dollars
With measures introduced by Beijing helping boost the economy, China's manufacturing activity expanded for the second consecutive month in November this year, with the official Purchasing Managers' Index (PMI) for manufacturing rising to 50.3%
According to the website of Hong Kong's South China Morning Post on the 10th, according to customs data released on the 10th, China's total export value in US dollars in November was 312.31 billion US dollars, a year-on-year increase of 6.7%
Export growth may benefit from the base effect and businesses placing orders in advance in anticipation of President elect Trump's planned tariffs
Zhang Zhiwei, Chief Economist of Baoshan Asset Management Company, said, "The November trade data conveyed a similar message as before, that exports continue to grow. At the same time, imports have decreased." Due to strong demand in the international market, China's exports have been booming this year. At the same time, domestic consumer demand still needs to be boosted
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