China\u2019s exports fell in October amid a volatile trade war with the United States \u2013 though recent high-level talks between the world\u2019s two largest economies have since eased tensions.<\/p>\n
Outbound shipments fell 1.1 per cent year on year to US$305.35 billion last month, customs data showed on Friday.<\/p>\n
The figure was lower than September\u2019s 8.3 per cent increase \u2013 a six-month high \u2013 and fell short of the 2.84 per cent growth forecast by Chinese financial data provider Wind.<\/p>\n
Imports in October stood at US$215.28 billion, rising 1 per cent year on year from September\u2019s 7.4 per cent and missing Wind\u2019s 4.49 per cent forecast. China\u2019s trade surplus came in at US$90.07 billion.<\/p>\n
Zhang Zhiwei, president and chief economist at Pinpoint Asset Management, attributed the decline in exports to previous front-loading.<\/p>\n
\u201cThe exporters in China have been front-loading their trade in order to avoid high tariffs in the US. It seems the front-loading finally faded in October,\u201d Zhang said.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s exports fell in October amid a volatile trade war with the United States \u2013 though recent high-level…\n","protected":false},"author":2,"featured_media":267167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5684,48745,8580,45,49,48,95,46,16794,3456,121232,22265,106483,8404,43121,4992,123019,1689,772,3642],"class_list":["post-267166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-africa","tag-asean-countries","tag-beijing","tag-business","tag-ca","tag-canada","tag-china","tag-economy","tag-eu","tag-europe","tag-maros-sefcovic","tag-netherlands","tag-nexperia","tag-rare-earths","tag-soybeans","tag-tariffs","tag-trade-restrictions","tag-trade-war","tag-united-states","tag-washington"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/267166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=267166"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/267166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/267167"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=267166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=267166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=267166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}