China November exports, imports rise unexpectedly, commodity purchases soar

China's imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also unexpectedly rose, reflecting a pick-up in both domestic and global demand.

Imports expanded 6.7 % from a year earlier, easily eclipsing economists' expectations for a drop of 1.3 percent and its strongest gain since September 2014, official data showed on Thursday.Exports rose 0.1 % from a year earlier, defying predictions for a 5% slide.

That left the country with a trade surplus of $44.61 billion for the month, the General Administration of Customs said, versus forecasts of $46.30 billion and October's $49.06 billion.

                  Analysts polled by Reuters had expected a slightly more modest drop in November exports after a 7.3 %contraction in October, while imports had been seen falling at roughly the same pace. 

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