China's merchandise exports rose unexpectedly in November, with an annualized increase of 21.1 percent, the PRC customs service said on Monday, Dec. 7 in Beijing..

At the same time, the volume of imports, contrary to forecasts, increased on an annualized basis by only 4.5 percent - slightly less than in October, when the increase was 4.7 percent..

Experts note that a 13.6 percent overall increase in foreign trade is contributing to a faster-than-expected recovery in the Chinese economy. Since the situation with coronavirus in China has been actually under control since summer and only a few cases of infection have been recorded, the economic life in the country has returned to normal.. 6 Percent Growth While the rest of the world is in a pandemic-induced recession, China will be the only major economy to record growth this year. Experts expect GDP growth of 2 - 2.2 percent.

Important indicators indicate that in the fourth quarter of this year, economic growth in the PRC may exceed 5.

5 percent, and some Chinese experts even predict growth of 6 percent. In the third quarter, GDP grew by 4.9 percent.

Manufacturing in China has the most positive sentiment in the past ten years. Purchasing Managers' Expectations Index, compiled by the reputable economic magazine Caixin, rose from 53.6 to 54.9 points in November. This is the highest rate since November 2010. The gain in employment in November also hit a record high since May 2011. Reported by Deutsche Welle.