China Trade Data Shows Modest Export Growth But Slowing Imports
• China's exports grew 0.5% in November, the first increase in 6 months, suggesting improved demand for Chinese goods overseas • Imports fell 0.6% in November, swinging from a 3.0% increase in October and missing forecasts • Export growth was likely driven by Chinese exporters discounting prices to attract buyers amid weak demand • Recent data suggests support measures from Beijing are having some positive impact, but recovery remains uneven • Analysts caution export demand may wane as economies in Europe and the US cool, so China still relies heavily on domestic demand