China Trade Shrinks Amid Virus Pressure, Interest Rate Hikes

A worker moves goods past a dismantled COVID-19 testing site outside shops after authorities start easing some of the anti-virus controls in Beijing on Dec. 7, 2022. Andy Wong/AP Photo

BEIJING—China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home.

Exports sank 9 percent from a year ago to $296.1 billion, worsening from October’s 0.9 percent decline, customs data showed Wednesday. Imports fell 10.9 percent to $226.2 billion, down from the previous month’s 0.7 percent retreat in a sign of a deepening Chinese economic slowdown.