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China's exports, imports growth slips in November


13:15, December 10, 2012

BEIJING, Dec. 10 (Xinhua) -- Growth in China's exports and imports slowed in November from one year earlier, causing the country's monthly trade surplus to contract to 19.63 billion U.S. dollars, customs data showed Monday.

Exports rose 2.9 percent from a year earlier in November, below market expectations for a 9-percent increase and October's 11.6-percent growth.

Imports were flat compared with November 2011, weaker than the 2.4 percent rise in October, the General Administration of Customs said.

Foreign trade surplus narrowed to 19.63 billion U.S. dollars last month from 31.99 billion U.S. dollars in October and 27.67 billion U.S. dollars in September.

In the first 11 months, China's foreign trade increased 5.8 percent from a year ago, below the government's annual target of 10 percent.

The trade data came after government figures on Sunday showed a revival in the world's second-largest economy.

Figures showed the country's industrial output continued to pick up, consumer inflation remained low, while retail sales maintained strong growth.

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