News 6 december — 16:49

China November export growth seen slowing as global demand cools


China’s export growth is expected to have cooled in November, although still in the double digits, as a slowing in global demand offset a months-long rush to ship goods to the United States ahead of a then-expected increase in tariffs, Reuters reports.

China’s import growth likely moderated but remained in recent ranges, offering some relief to Chinese policymakers concerned about slackening domestic demand and economic disruptions from the trade row with the United States.

A truce in the trade war might steady the near-term outlook for Asia’s biggest economy, which has been slowing due to a mix of domestic factors including a multi-year campaign to curb corporate debt and risky borrowing practices.

In Argentina last weekend, Presidents Donald Trump and Xi Jinping agreed to a 90-day truce that delayed the planned Jan. 1 U.S. hike of tariffs to 25 percent from 10 percent on $200 billion of Chinese goods while they negotiate a trade deal.

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