China trade surplus narrows to $14.5bn

BEIJING: China's politically sensitive trade surplus narrowed to $14.5 billion in November, Dow Jones newswires reported on Saturday, down from the $17 billion reported a month earlier.

The figure is a perennial point of contention for China's key trade partners, the United States and Europe, who argue that China's currency is grossly undervalued, giving its exporters unfair advantage.

China's exports rose 13.8 percent year-on-year -- up from $157.49 billion in October, Dow Jones reported.

November imports rose 22.1 percent year-on-year, up from the $140.46 billion recorded a month earlier.