DATAWATCH - China Nov imports, exports remain largely stable - Goldman Sachs

BEIJING (XFN-ASIA) - China's imports and exports for November remained largely stable and in-line with expectations, Goldman Sachs (NYSE:GS) said.

China's exports in November grew 22.8 pct year-on-year to 117.62 bln usd, while imports were up 25.3 pct at 91.34 bln usd, reflecting strong demand.

Growth of imports could drop off in the coming months as policy tightening becomes more pronounced, Goldman Sachs said.

However, the increasing intensity of policy tightening is likely to put pressure on domestic demand growth going forward, and therefore the current strength of imports growth is unlikely to be sustained,' it said.

It added that while the trade surplus remained high at 26.3 bln usd, its year-on-year growth rate was low at 14.8 pct, similar to October's 13.5 pct and far below the average growth of 69.4 pct in the first nine months.