DD Support Board and Research Team

[OMOLIVES]

! BEIJING, Dec 7 (Reuters) - China's exports in November contracted 8.7% from a year earlier, while imports tumbled 10.6%, both missing expectations by large margins, customs data showed on Wednesday.

Analysts in a Reuters poll had expected exports to shrink 3.5% after a 0.3% loss in October due to cooling global demand. Imports were forecast to have contracted by an even larger 6.0% from a 0.7% fall in October, hurt by sluggish consumption at home amid widespread COVID-19 restrictions and a protracted property slump.

China posted a trade surplus of $69.84 billion in November, compared with a forecast $78.1 billion surplus in the poll and a $85.15 billion surplus in October.

https://www.reuters.com/markets/asia/chinas-nov-exports-imports-shrink-further-worse-than-forecasts-2022-12-07/