China's exports and imports likely contracted further in November due to weakening global demand, production disruptions and waning demand at home amid widespread pandemic controls, a Reuters poll showed on Monday.
Data for November are expected to show a 3.5% fall in outbound shipments from a year earlier, after October's figures were down an annual 0.3%, according to the median forecast of 28 economists in the poll. That would mark the worst performance since May 2020.
The frail economists' estimate for exports suggests cooling global demand that has been hurt by higher interest rates in major economies will heap more pressure on policymakers in China, as the country's property downturn and struggle to contain COVID-19 continue to take a toll on the economy.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China may announce downgrade of Covid to category B management as early as January – ReutersChina may announce downgrade of Covid to category B management as early as January – Reuters Coronavirus China Macroeconomics RiskAppetite DollarIndex
Read more »
Editorial cartoons from the week of Nov. 27 to Dec. 3This week's editorial cartoons, published in the print editions of the Saskatoon StarPhoenix and Regina Leader-Post. yxe yqr
Read more »
XPeng Electric Car Sales Decreased By Almost 63% In November 2022XPeng reports a further year-over-year decrease in its electric car sales, although the latest results are slightly better than in October.
Read more »
November jobs report was not a blowout, it was a big disappointmentNovember's job report was greeted with enthusiasm by many. But the rosy picture that was painted by the White House is misleading. A deep dive into the numbers tells a different story.
Read more »
Every Restaurant Opening and Closing This Week, November 26-December 2So Many Roads has returned! It's back for the Dead!
Read more »
Norway BEVs Hit Record Volume in November - Tesla Model Y LeadsPlugin electric vehicles took 89.3% share of the auto market in Norway in November, down from 91.2% year on year.
Read more »