HONG KONG (AP) — China’s exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday.
The report came a day after former President Donald Trump won Tuesday’s election, gaining a second term as president. Trump has pledged to increase tariffs on imports from China to 60%, adding to uncertainty over the outlook for exports to the U.S.
It 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.
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Source: https://apnews.com/article/china-exports-trade-economy-4ef80a66c32bdb7d7e65e8d7eaead799
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