Investing.com - Chinese trade data for November showing that exports fell for the fifth consecutive month added to fears over slowing growth in the world’s second-largest economy.
China’s General Administration of Customs reported Tuesday that exports fell 6.8% on a year-over-year basis in November after a 6.9% decline in October.
Economists’ had forecast a drop of 5.0%.
It was the fifth monthly decline in a row, as weak global demand continued to weigh.
Imports were also down, falling 8.7%, slightly better than forecasts for a 12.6% drop after an 18.8% fall in October.
It was still the thirteenth consecutive monthly decline, indicating continued weak domestic demand in China.
The country’s trade surplus narrowed to $54.1 billion in November from $61.6 billion in October, compared to forecasts for a surplus of $63.3 billion.