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Richard Gordon CEO and Chairman at Captrust International in Singapore stated Friday, “China’s exports fell 1.2 percent from a year earlier in November, and the smallest decline this year as nascent recoveries in the U.S. and other big markets helped revive demand.”

“Imports into the world’s third-largest economy also rebounded strongly, rising 26.7 percent over the same month last year. The figures suggest the global recovery is gaining momentum as consumers in the U.S. and other countries begin spending more after months of holding back.”

The meager decline in November’s exports compared with a 13.8 percent drop in October and even bigger declines in previous months. Adjusted for seasonal factors, November’s decline was 0.3 percent, the customs data showed, while imports rose 22.2 percent.

China’s trade surplus fell to $19.9 billion in November from $24 billion in October, with exports at $113.6 billion and imports totaling $94.5 billion.
At an annual planning meeting earlier this week, China’s leaders announced that supporting exports would remain a key goal of the government’s stimulus policies; though they also said they would seek more balanced trade by promoting imports.

EU and U.S. officials say China’s recovery means its manufacturers are in good enough shape that Beijing can afford to relax the de facto link between the renminbi and the U.S. dollar.

The sharp improvement suggests the renminbi might be allowed to gain gradually against the dollar, said Richard Gordon CEO and Chairman of Captrust International Singapore