China's exports rise 4.7% in Nov

BEIJING - China's export growth slowed sharply in November while imports unexpectedly contracted, raising pressure on policymakers to release more stimulus measures. China's exports rose 4.7 percent year on year to $211.66 billion in November, the General Administration of Customs (GAC) said Monday. 

The growth rate for November decelerated compared to October's 11.6 percent and 15.3 percent in September, according to the GAC. Imports stood at $157.19 billion, down 6.7 percent, the biggest drop since March. Total exports and imports in November amounted to $368.85 billion, down 0.5 percent year on year with a record trade surplus of $54.47 billion, expanding 61.4 percent.(memoria ram) 

The GAC said that total trade volume of foreign-invested companies during the period accounted for 46 percent of the nation's total trade during the first eleven months. Privately owned companies accounted for 34.5 percent, and state-owned firms had 17.5 percent of the trade volume, with the remaining portion coming from micro-sized or individual businesses. 

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