Las exportaciones de China crecen un 5,9% en noviembre, mientras los envíos a EEUU caen un 29% – Chicago Tribune

By CHAN HO-HIM

HONG KONG (AP) — China’s exports rose in November in an unexpected contract the previous month, while shipments to the United States rose 29% from a year earlier, marking consecutive octavos of decline in the figures.

China’s total exports in November were 5.9 percent higher than last year in dollar terms, according to full-year data released last month, surpassing $330.3 billion, matching economists’ estimates. This represents an improvement from the 1.1% contraction in October.

Experiencing an ever-widening break between total exports and imports, aduanas data showed that China’s trade superavit for the first 11 months exceeded the billion-dollar mark, sometimes reaching $1.08 billion. This is a record for any year and exceeds the $992,000 million surplus in all of 2024, according to official data compiled by FactSet.

Although exports from China to the United States took place for most of the year, shipments were increased to other destinations, including Southeast Asia, Latin America, Africa and the European Union.

China’s imports rose 1.9 percent in November, topping $218.6 billion, more than October’s 1 percent increase, as a lingering recession in the real estate sector hurts consumer spending and business investment.

At the end of October, there will be around 30 years of trade between China and the United States during a meeting between the American president, Donald Trump, and the Chinese leader, Xi Jinping, in South Korea. The United States has reduced exports to China, and China has promised to maintain its export controls related to rare earths.

“November exports are likely to not fully reflect the reduction in costs, which is expected to manifest in the coming months,” Lynn Song, ING Bank’s chief economist for Greater China, wrote in a briefing.

Chinese industrial activity occurred for eight consecutive months in November, according to an official survey, and economists decided they would be able to determine whether they had a real response to external demand during the trade negotiation between the United States and China.

When it comes to exports, economists generally hope China will have more or less with its economic growth target of more than 5% for this year.

Chino pants makers were surveyed in advanced manufacturing for the next five years at a high-level meeting in October.

This month marks an annual economic planning meeting, led by Xi, for the plane’s economic growth plan by 2026, according to the Xinhua news agency, while Chinese leaders reiterate a survey on “monitoring medium-term progress to ensure stability.”

Chi Lo, global market head of BNP Paribas Asset Management, said a stable global business is unlikely to last much, as relations between China and the United States are “permanently at a standstill” in carrying out their temporal business activity.

Additionally, some economists believe that China will continue to gain its export market in the coming years.

Morgan Stanley predicts that by 2030, China’s global export market will reach 16.5%, up to about 15% real, driven by its sales in advanced manufacturing and high-growth sectors like electric vehicles, robotics and batteries.

Chetan Ahya, chief Asia economist at Morgan Stanley, said in a recent note that “due to ongoing trade tensions, continued protection and G20 economies adopting active industrial policies, we believe China will make more money in the global goods export market.”

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This story was translated into English by an AP editor with the help of a generative artificial intelligence tool.