China does not "need" the US - Total exports increase by 6%, despite the contraction of US imports
China's exports rose 5.9% in November, beating expectations and restoring the country's positive trend. The increase in total exports came despite a sharp decline in shipments to the United States in recent months.
China's exports returned to a positive trajectory in November, after a surprise decline in the previous month. However, shipments to the United States fell almost 29% from a year earlier, marking the eighth consecutive month of double-digit declines.
Overall, Chinese exports in November were 5.9% higher than a year earlier, customs data showed. The figure reached $330.3 billion, beating economists' expectations and signaling an improvement from a 1.1% decline in October.
Data showed that China's trade surplus for the first 11 months of the year exceeded $1 trillion. That's the highest figure ever recorded for a single year and more than the $992 billion surplus in 2024, according to official FactSet data.
While exports to the US have shrunk for most of the year, shipments to other regions have increased significantly, including Southeast Asia, Latin America, Africa and the European Union.
China's imports expanded 1.9% in November to more than $218 billion, up from a 1% increase in October, even as the ongoing real estate slowdown continues to weigh on consumer spending and business investment.
A year-long trade truce between the US and China was reached during a meeting between US President Donald Trump and Chinese leader Xi Jinping in late October in South Korea. The US lowered tariffs on China, while Beijing promised to end export controls on rare earth minerals.
"It is very likely that November exports will not yet fully reflect the tariff reduction, which will be felt more in the coming months," the economists explain.
Volkswagen, 160 billion euros by 2030 - The company faces major challenges in the US and China markets
Volkswagen has announced an investment plan of 160 billion euros by 2030. The company faces falling profits and strong pressure in the US and Chinese......
Payment system, towards modernization/ Sejko: We are working with our international partners to promote electronic payments
Albania is continuing to work on further modernizing its payment system. At the International Conference on Economics, Business, Innovation and Technology......
Netflix buys Warner Bros./ Parties reach deal worth $72 billion
Netflix will buy Warner Bros.' Discovery TV, film studios and broadcasting unit for $72 billion. The deal gives the streaming giant control of one of......
Construction of Tirana bypass/ Expropriations for 202 properties, worth 126.2 million lek, are about to begin
The construction of the Tirana bypass is advancing with the expropriations of the owners affected by this project. The State Expropriation Agency has......
Greece, 8 billion euros from financial markets in 2026/ 2026 budget predicts 13 billion euros of net debt
Greece is expected to raise around 8 billion euros from financial markets in 2026. The Public Debt Management Agency's plan foresees that of the country's......
10 years of "A Different Weekend", a decade of humanism and volunteerism/ Edi Rama: You built habits of the heart, hope and charity
On the 10th anniversary of the founding of “Fundjavë Ndryshe”, an initiative born as a simple volunteer initiative that became a symbol of humanity and......
Water price with 100% operating costs/ WRA requires that the tariff also cover maintenance: Strengthening financial stability
The Water Regulatory Authority has approved the new 5-year business plan model and guidelines for all water supply and sewerage companies, a document that......
Businesses demand local digitalization/ KI: Businesses want online services, but 47% still trust physical counters
The process of digitalization at the local level is seen by the business community as a necessity to improve the quality of public services and reduce the......
