[Breaking] China November Export Growth Rate Down 8.7%... Falling for Four Consecutive Months

[Asia Economy Beijing=Special Correspondent Kim Hyunjung] Due to localized lockdowns and social unrest caused by the resurgence of COVID-19, China's export growth rate plummeted in November.

According to the General Administration of Customs of China (Customs Office) on the 7th, the export growth rate in November was recorded at -8.7% compared to the same period last year. This figure is lower than the previous month's -0.3% and the market forecast of -3.6%.