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China Trade Data Exceed Expectations

China Trade Data Exceed Expectations

Saturday, 9 December, 2017 - 08:15
The containers are seen in a port of the Shanghai Free Trade Zone, February 11, 2014. REUTERS / Aly Song / File Photo

China’s trade surplus with the United States expanded in November to $27.87 billion from $26.62 billion in October, according to data from China’s customs administration on Friday.

The surplus with the US over the first 11 months of the year was $251.26 billion, customs data showed, compared to $222.98 billion in the Jan-Oct period, Reuters reported.

September’s surplus of $28.08 billion was the highest on record, a Reuters calculation showed.

The latest data show that the country registered a trade surplus of $40.21 billion in the month against expectations of $35 billion in November after the $ 38.185 billion in October.

Trade between the United States and China is one of the most pressing issues that the administration of President Donald Trump places an eye on.

Trump describes the trade deficit with China as "embarrassing" and "horrible" and blames past US administrations "for allowing this trade deficit to take place and to grow."

China has enjoyed a boom in trade relations with many countries of the world, not just the United States, where recent data showed that China's total exports in November increased by 12.3 percent year on year, the fastest pace in eight months.

As global demand has surprised with its strength, consumers have lapped up Chinese goods at a rapid rate this year, giving the economy a boost and providing policy makers room to tighten rules to curb high-risk lending, Reuters reported.

The number beat analysts' forecast of a 5.0 per cent increase and compared with 6.9 per cent growth in October.

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