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China’s mercantile activity grows 20.5 points in November

China’s mercantile activity grows 20.5 points in November

Beijing, Dec 7 (Prensa Latina) China's mercantile activity grew 20.5 percent year-on-year in November and, this time, the strongest upturn was in imports, official data showed on Tuesday.
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According to the General Administration of Customs, the total volume of foreign trade in that period was 3.72 trillion yuan (more than 583 billion dollars).

In detail, exports experienced a rise of 22 points, imports grew 31.7 points and the surplus was 460.6 billion yuan (more than 72.3 billion dollars).

During November, China bought large lots of soybeans, oil and iron, but also many shipments with goods arrived in here for the 4th China International Import Expo held in Shanghai.

In addition, China’s trade exchanges with the rest of the world increased by 22 percent year-on-year since January and totaled 35.3 trillion yuan (5.5 trillion dollars).

That figure is higher than the total volume of such transactions during 2020, when the country closed with 32.16 trillion yuan (about 4.9 trillion dollars).

November’s statistics are a reflection of the control in the Covid-19 outbreaks and the crises in the real estate and energy sectors that hit the Chinese economy hard and influenced the 4.9-percent growth in the third quarter of 2021, well below expectations.

mh/iff/oda/ymr

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