China’s Double-Digit Trade Jump Pairs Global and Domestic Demand

China’s trade engine remained in high gear with a surprise export surge accompanied by further acceleration in imports that signals robust demand in the domestic economy.

Exports rose 12.3 percent in November in dollar terms, the customs administration said Friday, exceeding all economist estimates in a Bloomberg survey where the median estimate was for a 5.3 percent rise. Imports also beat projections with a 17.7 percent increase, widening the trade surplus to $40.2 billion.

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“The robust global economy, both the developed and developing economies, has lifted China’s exports,” said Yao Shaohua, an economist at ABCI Securities Co. in Hong Kong. “Investment growth will slow slightly next year, weighing on imports growth.”