China's foreign trade slumps again
BEIJING - China's imports and exports shrank again in November, but there were signs a decline in domestic demand might be turning around.
Customs data released Tuesday showed exports contracted by 6.8 percent, accelerating from October's 3.6 percent. Imports declined 8.7 percent, an improvement over the previous month's 16 percent fall.
A fall in global commodity prices has dragged down China's import figures, but the volume of some goods has risen. In November, the volume of crude oil imports rose 8.7 percent over the previous year.