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Corporate Japan is bracing for a rocky ride under incoming U.S. President Donald Trump, a Reuters poll showed, with well over a third of firms seeing a contraction in global trade as concerns about a rise in U.S. protectionism threaten to shatter a fragile economic recovery. Fully three-quarters of Japanese companies expect no expansion in world trade, highlighting festering anxiety that Trump's fiery protectionist rhetoric during campaigning might turn into growth-sapping policies through his four-year term that begins in January.
China imports rose a forecast-beating 6.7 percent year-on-year to $152.2 billion in November, government data showed on Thursday, in a positive sign for the world's second-largest economy. Exports rose 0.1 percent on-year to $196.8 billion, Customs figures showed, snapping a seven-month losing streak and smashing a Bloomberg News survey of economists predicting a five percent drop. China is the world's biggest trader in goods, and its performance affects partners from Australia to Zambia, which have been battered as its expansion has slowed to levels not seen in a quarter of a century.