China's exports unexpectedly rose by 0.5% in November, indicating relief for factories and attracting buyers through discount pricing. However, the pressure on Chinese manufacturers remains, with new export orders shrinking for a ninth consecutive month. Despite the overall decline of about 5% to 6% for China's exports and imports for the first 11 months of 2023, the unexpected rise in exports was attributed to businesses' strategy of cutting prices to boost volume. Despite the positive news, the pressure on Chinese manufacturers remains, with new export orders shrinking for a ninth consecutive month.

China's Export Surprise