China's imports grew at the fastest pace in more than 2 years - RTRS

Reuters came out with more insights on the latest China trade, citing the main factors behind the exports and imports figures.

Key Points:

China's imports grew at the fastest pace in more than two years, fueled by its strong thirst for commodities from coal to iron ore

Exports also unexpectedly rose, reflecting a pick-up in both domestic and global demand

China's imports of major commodities including iron ore, crude oil, coal, soybeans and copper all surged by volume in November, despite a sharp weakening in its yuan currency

China import of iron ore the third highest monthly tally on record

Julian Evans-Pritchard, China economist of Singapore-based Capital Economics, noted "The improvement reflects a strengthening in global demand, with recent business surveys suggesting that developed economies are on track to end the year on a strong note.”