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China’s export trade speeds up

China exported more than expected in November, helped by strong shipments to the US and EU, sug­gesting the domestic economy is facing lighter headwinds.

The government said shipments rose 12.7 per cent from a year earlier, a much higher rate than the 7 per cent expected by analysts surveyed by Bloomberg and Reuters.

Just one day after trade ministers agreed the first global trade deal in a generation, the General Administration of Customs said the cumulative trade balance for the first 11 months of the year had increased to $234bn.

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