China's trade surplus swelled to the highest on record in November, as imports unexpectedly tumbled.
Both sides of this report were negative, calling into question some recent reports suggesting the economy had stabilised in the fourth quarter.
Chinese exports increased just 4.7 per cent from a year ago last month, missing estimates for an 8 per cent increase and slowing from an 11.6 per cent pace in October. The weak print reflects a weak recovery in the global economy.
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