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Chinese Exports Fall at Steepest Pace in More Than Two Years
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HONG KONG—Chinese exports fell at the steepest pace in more than two years in November, the latest indication of how the country’s pandemic restrictions and waning global demand for goods is throttling China’s economy.
Outbound shipments from China plunged 8.7% year-over-year last month, the biggest dip since February 2020, when a nationwide lockdown ground economic activities to a halt. Economists polled by The Wall Street Journal had forecast a 2% drop.
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