Beijing (AP) - China's trade November greatly abate, increase the challenge, for the world's second largest economy gradually recovery form.
Export growth than the same period last year from the previous month's 11.6% plunged to 2.9%, customs data display, Monday. The same import, from 2.4% in October growth.
Digital is in and analysts warned that the trade rebound, the beginning of August, due to the weak global demand in Europe's debt problems and the United States economic recovery slow is unsustainable.
Trade weaknesses as factory production and consumer spending display, China since 2008 of the global financial crisis, the most serious economic recession has begun to appear.
With the growth of domestic consumption, but export-oriented manufacturing still millions of workers and staff of any weaknesses risk will increase unemployment and unrest, China's trade are less reliant.
The global demand for Chinese goods are so weak, the government has said export may not have this year's contribution to the overall economic growth.
The international monetary fund (IMF) and others expect this year's economic growth below 8%. This will be strong struggle western economies, but China's performance is the most weak since the 1990 s standard.
In the September 30, three months, economic growth dropped to three and a half years low 7.4%. This is in the quarter rebound, but recovery is likely to be progressive, in Europe and the United States did not improve too weak to promote global rebound, analysts say.
As a new generation of communist party leaders were installed in the congress last month on the improvement.
Last Sunday's data display, November factory output than the same period last year growth of 10.1%, from 9.6% last month. Social total retail sales of consumer goods year-on-year growth of 14.9%, from 14.5% in October.
Improved factory production "will likely with observer status to a clear signs of recovery, and said:" Goldman sachs economists SongYu and YinZhang in a report.
November export were $17.94 billion, import for $15.98 billion, the general administration of customs report. The country's global trade surplus than the same period last year to expand by 35% to $19.6 billion.
Beijing set up this year's trade growth target of 10%, but it looks more and more can't meet,. Trade growth steadily declining, and in the 11 months to dropped to 5.8% in November.
Minister of commerce Chen deming warned that last month, Chinese exporters face "quite severe condition in the coming months," many difficulties, in the next year."
The government said last month it sees the "stable economic growth", suggesting that there is no need to cut rates further and public engineering construction and investment of state-owned enterprises the main stimulus to the high consumption.
China's imports of weakness reflects the government containment building and industrial investment of foreign iron ore, copper and other raw materials by the influence of the demand of inhibition.
The communist party leadership to change economic growth on the basis of domestic consumption and services, strategy, and commitment to smaller but more sustainable income.
It can reduce the appetite of Chinese imports, damage the suppliers, such as Australia, Brazil and Africa some economies, China's consumption promoting economic prosperity.
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