In November, the volume of Chinese exports increased for the first time in six months, and this is due to the active actions of Chinese factories, which began to attract buyers with discounts to cope with the ongoing decline in demand. China's manufacturing sector needs further support from the authorities to subsidize economic growth. In November, exports increased by 0.5% compared to the previous year, which was a positive signal after a 6.4% drop in October. At the same time, imports fell by 0.6% after rising by 3.0% in the previous month. The overall picture of export improvement is in line with market expectations, and there is also an increase in regional export indicators. For example, South Korean exports increased in November for the second month in a row, driven by semiconductor exports. Trade with China's largest partner countries is also showing positive trends, and exports to the United States, Japan, South Korea and Taiwan have been on the rise. However, it is worth noting that the official business activity index (PMI) of China last week indicated that new export orders have been declining for the ninth month in a row. The private sector survey also revealed the struggle of factory owners to attract foreign buyers for five months.
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