Percent Year: Percent and Export Figure

percent year: The latest export figure represented the first increase in nine months following a 7.3-percent contraction in October, according to Xinhua China. Meanwhile, November imports grew by 6.7 percent year on year, the fastest pace in more than two years following a 1.4-percent decline in October, customs data showed. Stripping out the impact of yuan depreciation, exports in U.S. dollar terms edged up 0.1 percent year on year in November, according to data released Thursday by the General Administration of Customs. Better-than-expected trade data out of China today reflects both an uptick in global demand as well as the continued strength of domestic economy, wrote Julian Evans-Pritchard, China economist at Singapore-based Capital Economics, in a note. Moreover, analysts pointed out that the recent depreciation of the Chinese yuan also contributed to the rebound. The upbeat data adds to signs of a modest industrial recovery in the world largest economies even as China and other Asian exporters brace for a potential trade war once protectionist U.S President-elect Donald Trump takes office, Reuters reported. (news.financializer.com). As reported in the news.