Chinese November exports grow 10.3 pct to 1.43 trln yuan

Official data indicate that the value in yuan of Chinese exports grew to 1.43 trillion yuan (US$216 billion) last month, 10.3 percent more than a year earlier.

Chinese General Administration of Customs figures show the value in yuan of Chinese imports last month increased by 15.6 percent to 1.17 trillion yuan, giving China a trade surplus for the month of 263.6 billion yuan, 11.6 percent more than a year earlier.

The Chinese government-controlled news agency, Xinhua, quotes an analyst for JZ Securities, Deng Haiqing, as saying the figures for last month were higher than forecast because of greater-than-expected demand abroad and increases in prices of crude oil and natural gas.