China Nov Exports +12.3% on Year; Expected +6.0%

China's exports denominated in yuan rose 10.3 percent in November from a year earlier, the General Administration of Customs said on Friday.

That is up 42.3 percent from 330,000 tonnes in October and up 23.7 percent from 380,000 tonnes in November 2016.

The numbers may help to ease concerns of slowing momentum in Asia's economic powerhouse, which had surprised markets with robust growth of almost 6.9 percent in the nine months of this year, thanks to a government-led infrastructure spending spree and unexpected strength in exports.

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Chinese copper smelters such as Tongling Nonferrous Metals Group cut back production last month to comply with environmental protection measures. The 2017 total is set to fall short of the record 4.94 million tonnes of imports in 2016 after a weak first half of the year.

"Major exchange stock levels are still low and demand keeps growing".

Steel exports rose from the previous month to 5.35 million tonnes in November, data showed. That was also up 29.9 percent from October.

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Reflecting the impact of currency movements over the year, imports grew by 15.6% in local currency terms, above the 12.5% level expected.

Imports in November expanded 17.7% from a year earlier, compared with a 17.2% gain in October. Coal imports grew marginally, rising from 22.05 million tonnes from 21.28 million tonnes.

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