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CHINESE exports to the US continued to withstand trade war pressures in November, with Beijing's bilateral trade surplus jumping to US$35
CHINESE exports to the US continued to withstand trade war pressures in November, with Beijing's bilateral trade surplus jumping to US$35.6 billion - the highest ever recorded.
Shipments to the US rose 10 per cent annually to $46.2 billion, while imports into China dropped 25 per cent to $10.7 billion, according to China's General Administration of Customs.
China's overall trade picture was less rosy with global shipments growing at the slowest pace in eight months, official figures showed, reported the Nikkei Asian Review.
Exports climbed 5.4 per cent year-on-year to $227.4 billion and imports grew just three per cent to total $182.7 billion, pointing to sustained weak demand back home. China's overall trade surplus grew to $44.75 billion last month.
Analysts warn that this downward trend is likely to continue as both the Chinese and global markets face a bleak economic outlook.
'China's foreign trade will decelerate eventually as domestic and foreign economic growth moderates and prices fall,' analysts from China Merchants Bank told Caixin.