Nov exports shoot up

%3CP%20align%3Dcenter%3E%3CIMG%20style%3D%22WIDTH%3A%20357px%3B%20HEIGHT%3A%20380px%22%20border%3D0%20src%3D%22/new_maoyi_en/cn/admin/news/NewsFile/-1/20131210102319251.jpeg%22%20width%3D500%20height%3D831%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CSTRONG%3ETrade%20Value%20in%202013%3C/STRONG%3E%3C/FONT%3E%3C/P%3E%3CFONT%20face%3DVerdana%3E%0D%0A%3CP%3E%3CBR%3EChina%27s%20exports%20saw%20higher-than-expected%20growth%20in%20November%2C%20according%20to%20official%20data%20released%20Sunday%2C%20as%20demand%20has%20been%20stimulated%20by%20improvements%20in%20developed%20overseas%20economies%20and%20a%20rise%20in%20shopping%20ahead%20of%20the%20upcoming%20winter%20holiday.%3C/P%3E%0D%0A%3CP%3EExports%20rose%20by%2012.6%20percent%20year-on-year%20to%20%24202.21%20billion%20in%20November%2C%20the%20General%20Administration%20of%20Customs%20%28GAC%29%20said%20on%20its%20website.%20%3C/P%3E%0D%0A%3CP%3EImports%20rose%20by%205.3%20percent%20year-on-year%2C%20hitting%20a%20total%20of%20%24168.4%20billion%2C%20raising%20the%20country%27s%20trade%20surplus%20to%20%2433.8%20billion%20in%20November.%20%3C/P%3E%0D%0A%3CP%3E%22The%20total%20exports%20came%20in%20higher%20than%20expected%2C%22%20Xu%20Hongcai%2C%20director%20of%20the%20Department%20of%20Information%20under%20the%20China%20Center%20for%20International%20Economic%20Exchanges%2C%20a%20government%20think%20tank%2C%20told%20the%20Global%20Times%20Sunday.%3C/P%3E%0D%0A%3CP%3EXu%20ascribed%20the%20growth%20to%20seasonal%20factors%20such%20as%20rising%20foreign%20demand%20for%20goods%20before%20the%20Christmas%20holidays.%20%3C/P%3E%0D%0A%3CP%3E%22Economic%20recovery%20in%20the%20US%20and%20Europe%20is%20another%20factor%20driving%20China%27s%20export%20growth%2C%22%20Xu%20noted.%3C/P%3E%0D%0A%3CP%3EThe%20US%2C%20EU%20and%20Southeast%20Asian%20economies%20were%20the%20top%20three%20destinations%20for%20China%27s%20exports%20in%20November%2C%20according%20to%20the%20customs%20data.%3C/P%3E%0D%0A%3CP%3EExports%20to%20the%20US%20rose%20by%2017.7%20percent%20year-on-year%20in%20November%2C%20up%20from%20a%20rise%20of%208.1%20percent%20year-on-year%20in%20October%2C%20according%20to%20the%20GAC.%20%3C/P%3E%0D%0A%3CP%3ELikewise%2C%20exports%20to%20the%20EU%20jumped%20by%2018.4%20percent%20year-on-year%20in%20November%2C%20up%20from%20a%20rise%20of%2012.7%20percent%20year-on-year%20in%20October.%20%3C/P%3E%0D%0A%3CP%3ELu%20Zhengwei%2C%20chief%20economist%20with%20Industrial%20Bank%20Co%2C%20echoed%20Xu%27s%20opinion%20about%20seasonal%20factors%20boosting%20exports%20in%20November%2C%20which%20rose%20much%20more%20than%20his%20forecast%20of%20around%207%20percent.%20%22It%20is%20common%20to%20see%20exports%20increase%20in%20the%20fourth%20quarter%20each%20year%2C%22%20Lu%20told%20the%20Global%20Times%20Sunday.%3C/P%3E%0D%0A%3CP%3EHowever%2C%20both%20Xu%20and%20Lu%20showed%20cautious%20attitudes%20about%20the%20outlook%20for%20the%20country%27s%20exports.%3C/P%3E%0D%0A%3CP%3E%22It%20is%20unlikely%20there%20will%20be%20double-digit%20growth%20in%20exports%20next%20year%20due%20to%20uncertain%20global%20factors%2C%22%20Xu%20said.%3C/P%3E%0D%0A%3CP%3EThe%20possible%20withdrawal%20by%20the%20US%20Federal%20Reserve%20from%20its%20quantitative%20easing%20program%20could%20have%20a%20negative%20impact%20on%20China%27s%20exports%2C%20according%20to%20Xu.%3C/P%3E%0D%0A%3CP%3EThere%20have%20been%20no%20clear%20signs%20that%20the%20country%27s%20export-oriented%20enterprises%20are%20seeing%20better%20business%20performance%2C%20so%20%22we%20should%20not%20be%20too%20optimistic%20about%20the%20outlook%20for%20China%27s%20exports%2C%22%20Lu%20noted.%3C/P%3E%0D%0A%3CP%3ESmall%20and%20medium-sized%20export-%3C/P%3E%0D%0A%3CP%3Eoriented%20enterprises%20in%20southeastern%20coastal%20areas%20are%20still%20struggling%20with%20the%20poor%20global%20business%20environment%2C%20Li%20Jianming%2C%20deputy%20director%20at%20the%20China%20Enterprise%20Confederation%2C%20told%20the%20Global%20Times%20Sunday.%3C/P%3E%0D%0A%3CP%3EDespite%20the%20better-than-expected%20exports%20in%20November%2C%20analysts%20said%20strong%20data%20for%20one%20month%20will%20not%20have%20a%20big%20impact%20on%20the%20country%27s%20overall%20economic%20conditions%20or%20the%20central%20government%27s%20policies.%3C/P%3E%0D%0A%3CP%3EChina%27s%20economy%20used%20to%20rely%20on%20exports%2C%20investment%20and%20domestic%20consumption%2C%20%22but%20in%20the%20future%20China%20should%20pay%20more%20attention%20to%20consumption%2C%22%20Xu%20said.%3C/P%3E%0D%0A%3CP%3EAs%20exports%20of%20labor%20intensive%20products%20will%20not%20be%20a%20sustainable%20pillar%20for%20the%20country%27s%20economy%2C%20a%20modification%20of%20the%20country%27s%20export%20product%20structure%20is%20urgently%20needed%2C%20according%20to%20Xu.%3C/P%3E%0D%0A%3CP%3ENovember%27s%20relatively%20low%20imports%20indicate%20that%20China%27s%20domestic%20consumption%20is%20not%20growing%20as%20fast%20as%20was%20expected%2C%20according%20to%20Xu.%20%3C/P%3E%0D%0A%3CP%3EThe%205.3%20percent%20year-on-year%20growth%20for%20imports%20in%20November%20was%20below%20Lu%27s%20forecast%20of%20around%207%20percent.%3C/P%3E%0D%0A%3CP%3EComprehensive%20reform%20plans%20were%20announced%20after%20the%20Third%20Plenary%20Session%20of%20the%2018th%20Communist%20Party%20of%20China%20Central%20Committee%20last%20month%2C%20in%20order%20to%20guide%20the%20country%27s%20economy%20toward%20a%20more%20sustainable%20path.%3C/P%3E%0D%0A%3CP%3E%3CBR%3E%28Global%20Times%29%3C/FONT%3E%3C/P%3E