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":122423,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[190,85739,4177,138,607,219,11720,2024,83497,8764,111,139,85738,69,17232,17395,7677,85737,1429,1430,2988],"class_list":{"0":"post-122422","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-africa","9":"tag-asean-countries","10":"tag-beijing","11":"tag-business","12":"tag-china","13":"tag-economy","14":"tag-eu","15":"tag-europe","16":"tag-maros-sefcovic","17":"tag-netherlands","18":"tag-new-zealand","19":"tag-newzealand","20":"tag-nexperia","21":"tag-nz","22":"tag-rare-earths","23":"tag-soybeans","24":"tag-tariffs","25":"tag-trade-restrictions","26":"tag-trade-war","27":"tag-united-states","28":"tag-washington"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/122422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=122422"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/122422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/122423"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=122422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=122422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=122422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}