China export report is optimistic, but where does this export goes?


Chinese exports increased faster than expected in November, but less than imports. This was shown on Tuesday by trade data from the Chinese government.

Exports expressed in dollars increased by 22.0 percent on an annual basis, with economists forecast an increase of 16.1 percent. Imports even increased by 31.7 percent, with a plus of 19.8 percent expected.

In its own currency, Chinese exports increased by 16.6 percent on an annual basis last month and imports by 26.0 percent.

In May, the trade surplus was 71.72 billion dollars, while a surplus of 82.2 billion dollars was forecast by economists. In yuan the surplus came to 460.7 billion.


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