BEIJING—China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home.
Exports sank 9 percent from a year ago to $296.1 billion, worsening from October’s 0.9 percent decline, customs data showed Wednesday. Imports fell 10.9 percent to $226.2 billion, down from the previous month’s 0.7 percent retreat in a sign of a deepening Chinese economic slowdown.
The country’s global trade surplus narrowed by 2.5 percent from a year earlier to $69.9 billion.
Trade had been forecast to weaken as global demand cooled following interest rate hikes by the Federal Reserve and central banks in Europe and Asia to rein in surging inflation….