China’s exports and imports unexpectedly accelerated last month in an encouraging sign for the world’s second-biggest economy, though analysts expect growth to continue cooling amid a government crackdown on financial risks and polluting factories, Reuters reported.
Global demand strengthed and consumers gived boost to Chinese economy. Exports in November rose 12.3 percent year-on-year, the fastest pace in eight months. Imports grew 17.7 percent year-on-year in November, the General Administration of Customs said on Friday, also well above expectations of 11.3 percent growth and rising at the fastest pace since September.
Furthemore, growth sustained at nearly 6.9 percent in the first nine months of this year, thanks to a government-led infrastructure spending spree and unexpected strength in exports.
Besides ramped-up efforts to reduce winter pollution, authorities unveiled fresh regulatory measures last month for the financial sector, clamping down on high-risk lending and halting some dubious infrastructure projects that would swell local governments’ debt, Reuters reported.