China’s exports grew at their fastest pace this year in November, with rising global demand for the country’s goods pushing its trade surplus to the highest monthly level on record.
Exports in dollar terms rose by 21.1 per cent last month compared with the same period last year, official data showed on Monday — the fastest rate since February 2018. Economists surveyed by Bloomberg had forecast an increase of just 12 per cent.
China’s rate of export growth has gathered pace in every month since June and by October had already hit its highest level in 19 months. Exports have stoked the country’s rapid recovery from the pandemic and increased its dominance of an uncertain environment for global trade.
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