Export rush not behind growth

Business | Reuters 7 Dec 2018

China's commerce ministry said yesterday that front-loading by exporters had not been the main driver behind the country's strong trade performance, adding that it was closely monitoring changes in trade conditions.

China's export growth is expected to have cooled in November, although still in the double digits, as a slowing in global demand offset a months-long rush to ship goods to the United States ahead of a then-expected increase in tariffs.

Chinese exports in November likely grew 10 percent from a year earlier, slower than the previous month's 15.6 percent gain. Import growth is expected to have eased to 14.5 percent in November from a surprise 21.4 percent jump in October.

Elsewhere, China's state planner said that it has approved three new urban railway projects worth 45.57 billion yuan (HK$51.66 billion) in the southwestern city of Chongqing.

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