China's Economic Data Reveals Slowing Growth in Exports, Inflation, and Domestic Demand

November figures show weaker trade performance, persistent deflationary pressures, and looming risks from U.S. tariff threats.

China's exports grew 6.7% year-on-year in November, down from 12.7% in October, while imports fell 3.9%, marking the sharpest decline in 14 months.
The consumer price index (CPI) rose 0.2% year-on-year in November, its lowest increase in five months, as food price growth slowed and domestic demand remained weak.
Producer prices fell 2.5% year-on-year in November, continuing a deflationary trend but narrowing from October's 2.9% decline due to slight improvements in factory activity.
U.S. President-elect Donald Trump's tariff threats, including potential 60% duties on Chinese goods, are expected to weigh heavily on China's export sector in 2025.
China's government has pledged further fiscal and monetary stimulus to address deflation risks and support economic growth, with key policy decisions anticipated at an upcoming leadership meeting.