About: http://data.cimple.eu/news-article/8267c11f8f2a3f541e2091dc21879cd17902bea8c8a06def984b9efe     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • China's exports rose in November at their fastest pace in almost three years, official figures showed Monday, as a surge in demand in key markets ahead of the festive period also helped the country post a record trade surplus. The reading is the latest spot of good news out of the world's number two economy, which has been enjoying a bounceback from virus-induced lockdowns that sent it into a rare contraction earlier in the year. Overseas shipments grew 21.1 percent on-year last month to $268 billion thanks to strong demand for medical goods and electronics. The figures -- the best since February 2018 -- surpassed the 12 percent tipped in a Bloomberg poll of analysts and was much better than the 11.4 percent seen in October. The reading also marked the sixth straight month of growth. However, imports expanded 4.5 percent, weaker than the 7.0 percent estimated and slightly worse than the previous month. In the first 11 months of the year, customs figures showed exports of textiles, including masks, surged 33 percent as governments put in place virus containment measures. The data also showed China's surplus with the rest of the world hit $75.42 billion in November, up from $58.44 billion in October and the largest on record dating back to 1990, according to Bloomberg News. Iris Pang, chief economist for Greater China at ING, told AFP the latest trade figures were likely the result of "urgent export deliveries before Thanksgiving and Christmas", with importers from western economies worried about lockdowns ahead of the year-end holidays. But Louis Kuijs, head of Asia economics at Oxford Economics, cautioned: "Many Covid-related purchases won't happen again and we eventually expect a global rotation from goods to services consumption as vaccine availability reduces the need for social distancing." In November, China's trade surplus with the US -- a major point of conflict in their bruising trade war -- expanded 52 percent to $37.4 billion. bys/rox/dan
schema:headline
  • China exports surge by forecast-beating 21.1% in November
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software