Economics
China Trade Surplus Climbs to Record as Imports Drop on Oil
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China’s trade surplus climbed to a record in November after an unexpected decline in imports on lower crude oil and other commodity prices.
Overseas shipments rose 4.7 percent from a year earlier, missing the 8 percent median estimate in a Bloomberg News survey. Imports fell 6.7 percent, compared with projections of a 3.8 percent increase, leaving a trade surplus of $54.47 billion, the customs administration said today.