China’s exports rose at the fastest pace in almost three years in November, as strong global demand for goods needed to ride out the pandemic landed the world’s second-largest economy a record trade surplus.
A brisk factory recovery in China from coronavirus shutdowns earlier this year has far outpaced reopenings seen in major trading partners, many of which are still struggling with outbreaks.
Exports in November rose 21.1% from a year earlier, customs data showed on Monday, the fastest growth since February 2018. It also soundly beat analysts’ expectations for a 12.0% increase and quickened from an 11.4% increase in October.
The strong exports come despite the yuan hovering near multi-year peaks against the dollar, which would be welcome news for policymakers concerned about the impact of a weakening greenback on China’s trade competitiveness.
Imports rose 4.5% year-on-year in November, slower than October’s 4.7% growth, and underperforming expectations in a Reuters poll for a 6.1% increase, but still marking a third straight month of expansion.
Analysts say improving domestic demand and higher commodity prices helped buoy the reading.
“We believe China’s export growth could remain elevated for another several months due to the worsening COVID-19 situation overseas,” the note said.
<source: https://www.reuters.com/article/us-china-economy-trade/chinas-exports-surge-on-hot-demand-for-ppe-remote-working-tech-idUSKBN28H07K>
해외 COVID-19 상황 악화로 중국의 수출 증가율이 몇 달 더 상승할 수 있을 것으로 본다. 지표를 보아라. 생각하라. 예측하라. 행동하라.