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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 395.44

+0.6%

Dec 12 4:00 PM EST

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From: elmatador	12/8/2014 12:17:29 AM
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China's trade surplus swells to record high, imports unexpectedly tumbled. China's trade surplus swelled to the highest on record in November, as imports unexpectedly tumbled. Both sides of this report were negative, calling into question some recent reports suggesting the economy had stabilised in the fourth quarter. Chinese exports increased just 4.7 per cent from a year ago last month, missing estimates for an 8 per cent increase and slowing from an 11.6 per cent pace in October. The weak print reflects a weak recovery in the global economy. Imports fell 6.7 per cent from a year ago, versus expectations that they would rise 3.8 per cent. This is the more dramatic news, indicating consumption in the world's second largest economy could be much lower than thought. As a result of falling imports, the monthly trade surplus rose to $54.47bn - the highest in 14 years of Bloomberg data - from $45.4bn the month before. Economy Asia China

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