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China exports surge demonstrates eight-month maximum
In November, China's exports and imports suddenly speeded up in rather an upbeat sign for the world's number two economy, although experts expect surge to keep cooling amid a government crackdown on financial risks as well as polluting factories.
As global demand has shocked by its strength, customers have lapped up Chinese goods at a fast rate in 2017, giving the Chinese economy a push and providing policy makers with enough room to tighten rules to tame high-risk lending.
In November, exports rallied 12.3% year-on-year, which is the fastest tempo for eight months, driven by firm sales of electronics as well as high-tech goods. Meanwhile, commodity purchases helped to raise imports.
The given number confounded experts’ estimate of a 5% leap.
Tighter rules to tame risks from a fast build-up in debt and reduce pollution have put pressure on the country’s overall activity since the third quarter.
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