China’s Exports and Imports Hit New Records on Strong Demand

(Bloomberg) — China’s exports and imports grew faster than expected in November, with both hitting records as external demand surged ahead of the year-end holidays and domestic production rebounded on an easing power crunch.

Exports rose 22% in dollar terms from a year earlier to almost $326 billion, while imports grew almost 32% to about $254 billion, the customs administration said Tuesday. Economists had forecast exports would grow by 20.3% and imports to increase by 21.5%.