China's export growth rate took a downward turn in November 2024, slowing to 6.7% compared to the same month last year. This marks a significant decrease from the previous year's robust expansion of 12.7% recorded in the same period.
The updated figures released on December 10, 2024, illustrate a cooling in export momentum for the world’s second-largest economy. The data indicates a year-over-year comparison, highlighting a stark contrast from the double-digit growth China had been sustaining just a year earlier.
This deceleration in export growth could reflect shifts in global demand or potential impacts from geopolitical tensions and trade policies affecting international trade flows. As China navigates through an increasingly complex global economic landscape, these latest figures may signal a need for recalibrating strategies to sustain its export-driven economic narrative.
