Arab Today, arab today china\s import growth weakens
Last Updated : GMT 21:46:41
Arab Today, arab today
Arab Today, arab today

China\'s import growth weakens

Arab Today, arab today

Arab Today, arab today China\'s import growth weakens

Beijing - SPA

November exports accelerated but import growth slumped in a sign the recovery of the world's second-largest economy might be slowing, AP reported. Exports surged 12.7 percent over a year earlier to $202.2 billion, up from October's 5.6 percent expansion, trade data showed Sunday. Imports rose 5.3 percent to $168.4 billion, but that growth was down from the previous month's 7.6 percent. China's economic growth rebounded in the three months ending in September to 7.8 percent after plunging to a two-decade low the previous quarter. The import slowdown caused China's global trade surplus to widen by 73 percent to $33.8 billion over a year earlier, one of its widest trade gaps this year. China's trade surplus with the 27-nation European Union was $10.2 billion, while that with the United States was $22.4 billion.

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