Australian exports feel China chill, while housing runs hot Reuters 7/01/2021 By Wayne Cole
By Wayne Cole
SYDNEY (Reuters) - Australia s trade surplus narrowed in November as China curbs on coal and farm goods took some steam out of exports, while a rebound in the domestic economy sucked in record goods imports.
Other data out on Thursday showed Australia s property market roaring back to life with approvals to build new houses hitting the highest in two decades.
Figures from the Australian Bureau of Statistics showed the country s trade surplus contracted to A$5 billion ($3.90 billion) in November, from A$6.6 billion the month before.