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#China's exports and imports contracted in November as the #COVID19 outbreak disrupted production and weakened demand at home. The value of exports fell to a low of $296 billion, the lowest since April when the lockdown of Shanghai closed factories. 🧵
The decline in imports also widened to 10.6%, leaving a narrower trade surplus of $69.8 billion last month.
China's government is now looking to relax the #COVIDZero policy to reduce its impact on the economy and add more stimulus.
