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Although a lower comparison base contributed to China's strong economic data in November, a rosy future was widely expected as a V-shaped recovery consolidated in the world's third largest economy.
Economic conditions had been greatly improved both domestically and externally as China's economy consolidates its recovering trend, economic analysts said Friday.
Foreign trade, a major drive in the country's economy, reversed a downward trend for 12 consecutive months, up 9.8 percent year on year in November, according to China's General Administration of Customs.
Exports continued to drop in November by 1.2 percent from a year earlier, but the rate of decline greatly eased from the 10.7-percent fall in October. Imports rose 26.7 percent from a year earlier, compared with a 6.4-percent decline in October, reflecting improving domestic demand.
Zhang Yansheng, director of Institute of Foreign Trade of the National Development and Reform Commission, believed that an initial economic rebounds in China's major trade partner in the third quarter had helped push up the figures.
A series of duty rebates policies aims at boosting the ailing exports since last year has also paid off, he said.
Improving external demand had also contributed to rising imports, said Wang Li, a researcher with the Chinese Academy of Social Sciences (CASS), or the government's top think-tank.
Up to 55 percent of China's exports were done in processing trade, which help boost raw material imports, she said.
Commodity prices also registered its first monthly growth since January, as China's consumer price index (CPI), a main gauge of inflation, rose 0.6 percent year on year in November, figures from the National Bureau of Statistics (NBS) showed.
"A mild rise in prices would benefit boosting economic growth and encouraging employment, especially in times of economic recovery," said NBS spokesman Sheng Laiyun.
The situation seemed even better with the country's retail sales, industrial output and fixed-asset investment on continued rise last month.
China's industrial production had picked up its speed with November growth accelerated to 19.2 percent year on year, following a 16.1-percent increase in October.
"The growth has reflected China's improving economic condition and firming recovery," said Sheng.
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