China's exports are expected to have risen for the first time in four month...
BEIJING - China’s exports are expected to have risen for the first time in four months in November, a Reuters poll showed, though a protracted trade row with the United States and slack global demand mean a sure-footed turnaround in shipments is some way off.
Imports are forecast to have dropped 1.8% from a year earlier in November, also a slower rate of decline from the 6.4% slump the month before, the poll showed. Washington has given no indication that it plans to scrap new tariffs on $156 billion worth of Chinese imports scheduled for Dec 15, which could torpedo the negotiations. U.S. legislative action supporting Hong Kong protests and condemning the camps for ethnic Muslim minorities in the Western Chinese region of Xinjiang have also angered Beijing.
Analysts say an escalation of the trade war would further undermine China’s economy at a time when growth fort 2019 is already expected to slip to its weakest in decades. Gross domestic product growth in the third quarter slumped to near 30-year lows.
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