China's exports grew 12.7% in October in fastest pace in over two years
HONG KONG — China's exports rose 12.7% in October from a year earlier, the fastest growth in more than two years, according to customs data released Thursday.
The report showed imports fell 2.3% in October from a year earlier, while China’s trade surplus rose to $95.7 billion in October, up from $81.7 billion in September.
Exports far surpassed analyst’s estimates of about 5.5% growth and outpaced September’s growth of just 2.4%. It was the fastest expansion since July 2022.
The outlook for trade has grown more uncertain after Donald Trump won Tuesday’s election, gaining a second term as president. Trump has pledged to increase tariffs on imports from China to 60%.
The growth in October’s exports signaled sustained demand for Chinese goods abroad, while demand in the domestic market remains subdued.
VP Harris concedes election ... Election takeaways ... Trooper shot on SSP under investigation ... Warm weather continues
VP Harris concedes election ... Election takeaways ... Trooper shot on SSP under investigation ... Warm weather continues