BEIJING, China – China’s imports and exports shrank again in November but there were signs a decline in domestic demand might be turning around.
Customs data Tuesday showed exports contracted by 6.8 per cent, accelerating from October’s 3.6 per cent. Imports declined 8.7 per cent, an improvement over the previous month’s 16 per cent fall.
A fall in global commodity prices has dragged down China’s import figures but the volume of some goods has risen. In November, the volume of crude oil imports rose 8.7 per cent over the previous year.