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China’s imports grow 4.5% in November

China’s imports of products totaled 192.65 billion dollars in November, a year-on-year increase of 4.5%, the General Administration of Customs of that country reported on Monday.

Conversely, Chinese exports totaled 268.07 billion dollars, an increase of 21.1%, at an annual rate.

In China, the economic recovery continued during the third quarter of the year, registering a GDP growth of 4.9% at an annual rate, after the 3.2% observed during the second quarter.

This reflects the impulse derived from investment and exports, which has supported the growth of industrial production.

Furthermore, in October, indicators for industrial production, fixed investment in assets and, to a lesser extent, retail sales, continued to show a recovery.

China’s imports 

Together, China’s exports and imports in November amounted to $ 460.72 billion, an advance of 13.6% year-on-year.

During the third quarter, worldwide, the prices of most industrial metals have shown growth due to the continuous recovery of world industrial production and strong demand from China.

Cumulatively, in the first 11 months of the year, Chinese exports were 2.31 billion dollars, a growth of 2.5%; while China’s imports reached $ 1.86 trillion, a decrease of 1.6%, year-on-year.

Thus, China’s trade surplus was $ 459.92 billion, an increase of 23 percent.

 

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