China's November trade data showed weaker-than-expected performance with slower export growth and a decline in imports. Exports to ASEAN nations rose 15%, but imports from ASEAN fell 3%. Exports to the U.S. grew 8%, while imports plunged over 11%. Export growth may increase in early 2025 due to U.S. importers accelerating Chinese purchases, but a decline could follow in the year's second half as tariffs take effect. China’s leadership pledged stronger monetary and fiscal stimulus with unconventional measures to boost growth and domestic demand following the November trade data.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02China's November trade data showed weaker than expected performance with slower export growth
00:06and a decline in imports. Exports to ASEAN nations rose 15 percent, but imports from ASEAN
00:13fell 3 percent. Exports to the U.S. grew 8 percent, while imports plunged over 11 percent.
00:19Export growth may increase in early 2025 due to U.S. importers accelerating Chinese purchases,
00:25but a decline could follow in the year's second half as tariffs take effect.
00:29China's leadership pledged stronger monetary and fiscal stimulus with unconventional measures
00:34to boost growth and domestic demand following the November trade data.