China's Exports Top Expectations on Strong Sales to Non-US Markets
China's exports topped forecasts in November, driven by a surge in shipments to non-U.S. markets as manufacturers deepen trade ties with the rest of the world in light of President Donald Trump's prohibitively high tariffs.
The world's second-largest economy has ramped up efforts to diversify its export markets since Trump won last November's presidential election, pursuing closer trade ties with Southeast Asia and the European Union, and leveraging Chinese firms' global footprint to establish new production hubs for low-tariff access.
China's exports grew 5.9% year-on-year, customs data showed on Monday, reversing from a 1.1% contraction a month prior, and beating a 3.8% forecast in a Reuters poll...
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