The offshore yuan steadied around 7.06 per dollar on Monday, with market sentiment remaining subdued amid strong foreign demand and weak domestic activity. Exports rose 5.9% year-on-year to USD 330.3 billion in November 2025, surpassing expectations and rebounding from the previous month, supported by eased trade tensions with the US. Imports, however, increased only 1.9% to USD 218.7 billion, missing forecasts and highlighting continued weakness in domestic demand. China’s trade surplus widened to USD 111.7 billion in November from USD 97.3 billion a year earlier, above the anticipated USD 100.2 billion and marking the largest surplus since June. The historic surplus is expected to support GDP growth after months of slowdown, signaling that China remains on track to meet its official annual growth target of around 5%. Meanwhile, investors are now watching this week’s inflation data for insights into China’s monetary policy and economic outlook.
