By South China Morning Post | Created at 2024-11-07 03:44:47 | Updated at 2024-11-07 06:30:14
2 hours ago
China’s exports rebounded in October, recording the fastest growth since July 2022, but the outlook remains uncertain as president-elect Donald Trump’s upcoming return to the White House could end China’s economic growth model, analysts said.
Exports from the world’s second-largest economy rose by 12.7 per cent year on year to US$309 billion in October, according to customs data released on Thursday.
The figure was significantly higher than the expected 5.5 per cent increase surveyed by Chinese financial data provider Wind, and exceeded the 2.4 per cent rise recorded in September.
Imports, meanwhile, fell by 2.3 per cent from a year earlier in October, compared to the 0.3 per cent growth seen in September.
This led to a trade surplus of US$95.72 billion in October, compared with US$81.71 billion in September.
In contrast to sluggish domestic consumption, China’s exports have shown sustained growth this year, driven by robust international demand.
