Macroeconomic Forecast China

Imports reached US$94.6bn in November, up 9.0% m-o-m and a staggering 26.2% y-o-y. Meanwhile, exports came in at US$113.7, up 2.6% m-o-m, and down 1.2% y-o-y. Indicating a level of economic rebalancing, imports have outperformed exports in 2009 as China's capital spending boom has seen commodity imports surge to pre-crisis levels.

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