China’s Trade Growth Falters in November Amid Economic Uncertainty

China's November trade data showed weaker-than-expected performance with slower export growth and a decline in imports. Exports to ASEAN nations rose 15%, but imports from ASEAN fell 3%. Exports to the U.S. grew 8%, while imports plunged over 11%. Export growth may increase in early 2025 due to U.S. importers accelerating Chinese purchases, but a decline could follow in the year's second half as tariffs take effect. China’s leadership pledged stronger monetary and fiscal stimulus with unconventional measures to boost growth and domestic demand following the November trade data.