Go Finance Report - China's export growth in November reported stronger than expected, and add to concerns about soaring inflation.
as quoted by the BBC, Panda's Domestic exports in November rose 34.9 percent compared to same period previous year. Meanwhile, imports in November also increased by 37.7 percent.
However, the import surge was not enough to stop the widening trade surplus of 15 percent when compared to the previous year to nearly USD23 billion. Along with that, the rate of inflation in November is expected to rise to 5.1 percent.
This makes a new record high in the last 28 months. That number jumped from inflation in October by 4.4 percent and well above the government's official target of three percent. (GoFinance)
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