Imports and exports all hit the lowest for more than half a year: in November, China's import and export value was 368 billion 850 million US dollars, down 0.5%.

Among them, exports amounted to 211 billion 660 million US dollars, an increase of 4.7%; imports of US $157 billion 190 million, a sharp decrease of 6.7%; trade surplus of US $54 billion 470 million, and expansion of 61.4%.

Compared with the relatively high export growth in September and October, exports in November were much lower than expected, hitting 7 new lows, while imports were negative year-on-year growth, the lowest in 8 months.

The decline in import and export growth is expected, but such a sluggish data is unexpected. Trade data showing good performance in the 3 and 4 quarters have been in the winter.

Regional exports fluctuated narrowly, and exports to Russia declined. According to the regional export growth situation, exports to the US in the three largest economies ended in October, while the growth rate in November dropped by 0.5%, and the growth rate of exports to the EU and Japan both declined by 0.7%.

For the BRICs, two wins and two losses, South Africa's growth rate narrowed, India's export growth increased by 1.3, while Brazil and Russia's export growth declined to varying degrees.

For emerging market countries, South Korea, Southeast Asia, Australia and New Zealand all showed a slight upward trend, which also improved in Hong Kong. The decline was further narrowed compared with 7.9% in 1-10.

Overall,

The correlation between the current world economic and political situation is relatively high. Among the three major economies, the United States and the European and Japanese economies are all challenged by different degrees. Ukraine's post crisis effect and the end of the world cup have affected Russia and the United States.

Exports, emerging market countries are also affected by the three major economies, and export growth has slowed down.

Multiple factors led to November

Winter: November was an extraordinary month. The APEC conference in China focused on the post crisis effect of the Ukraine crisis, the mire of economic difficulties in Europe and Japan, and the low international oil prices.

On the whole, foreign trade in November has a certain relationship with last year's base. At the same time, it was directly related to the large scale shutdown of Beijing Tianjin Hebei region during the APEC period, and the weakening of international commodity prices and the European Economic mire. However, we believe that the weakening of China's internal investment and consumer demand leading to a sharp decline in imports is the fundamental reason for the overall trade.

At present, the domestic economy is getting more and more attention to steady growth, but it will take some time to improve the demand. The external main economies, the United States has no obvious effect on China's export pulling effect, and other countries and regions make foreign trade for some time because of various reasons.