China Trade Data Shows Slowing Export Decline and Import Rebound, Highlighting Mixed Recovery
• China's exports likely slowed further in November but at a decelerating rate, with a forecast 1.1% drop year-on-year following a 6.4% fall in October • Mixed manufacturing data has kept alive calls for more policy support but also raised questions if negative sentiment matches improving conditions • Analysts warn China's economy is running at different speeds across industries, but point to a cyclical upturn in the global electronics sector benefiting exports • China's imports expected to grow 3.3% in November, extending October's gains and reflecting improving domestic demand • China's trade surplus forecast to widen in November to $58 billion from $56.53 billion in October