China export rose 21.1% yoy and surplus reached $75 billion in Nov, both beat expection

[52051]

BEIJING: China's exports in November rose 21.1 per cent from a year earlier, after 11.4 per cent growth in October, while imports grew 4.5 per cent last month, from a 4.7 per cent expansion in October, customs data showed on Monday (Dec 7).
Analysts polled by Reuters had forecast export growth of 12 per cent in November from a year earlier, and import growth of 6.1 per cent.

China posted a trade surplus of US$75.42 billion in November, compared with a US$58.44 billion surplus in October and a forecast from the Reuters poll for a US$53.5 billion surplus.

China's exports surge on hot demand for PPE, remote working tech; trade surplus hits record

BEIJING: 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...

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[rent4country]

China's long-standing reputation of fudging numbers makes their proclamation suspect. While the countries they export to have issues and a shrink in their economy, the Chinese claim they make more from them...

 

[xuxu1457]

We should buy more and spend the money $.The printing of US dollars is not safe and will depreciate.

We can buy rice from India. The 100,000 tons we recently bought is half the price of Vietnamese rice and even cheaper than animal feed.

We can buy some resources or invest abroad.