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Weak imports in November push China surplus to record high

Beijing

CHINA posted disappointing trade figures in November - its imports fell on weak domestic demand, sending its surplus to a record high. By coming in below expectations, the data puts additional pressure on Beijing, as the world's second largest economy shows increasing signs of a sharper-than-expected slowdown and of being on course to clock its slowest annual growth rate in 24 years. Exports grew 4.7 per cent year-on-year and imports fell by a surprising 6.7 per cent. The surplus hit a record...

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