China's exports unexpectedly rose in November, signaling a relief for factories but still facing challenges from weak demand and sluggish overseas demand. The unexpected increase in exports was attributed to businesses' strategy of cutting prices to boost volume, despite a decline of about 5% to 6% for China's exports and imports for the first 11 months of 2023. The value of China's exports to the U.S. rose by 7% in November, while exports to the European Union fell by 14.5% and those to the Association of Southeast Asian Nations fell by 7% during that time.

China's Export Surprise Amid Trade Slump