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The Ministry of Commerce announced that actual foreign direct investment (FDI) in China fell 36.52% year-on-year to US$5.32 billion in November.
The General Administration of Customs announced that China’s imports and exports totalled US$190 billion in November, down 9% y-o-y: China’s exports reached US$115 billion, down 2.2% y-o-y; China’s imports reached US$78.5 billion, down 17.9% y-o-y. This is the first time both imports and exports saw negative growth for the month in the past seven years.