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China exports surge by forecast-beating 21.1% in November

A worker gestures as a crane lifts goods for export onto a cargo vessel at a port in Lianyungang, Jiangsu province, China Feb 13, 2019. (Reuters file photo)

China’s exports rose in November at their fastest pace in almost three years, official figures showed Monday, as a surge in demand in key markets ahead of the festive period also helped the country post a record trade surplus.

The reading is the latest spot of good news out of the world’s number two economy, which has been enjoying a bounceback from virus-induced lockdowns that sent it into a rare contraction earlier in the year.

Overseas shipments grew 21.1% on-year last month to $268 billion thanks to strong demand for medical goods and electronics.

The figure — the best since February 2018 — surpassed the 12% tipped in a Bloomberg poll of…

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