China’s exports are still soaring despite the trade war

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China’s exports and imports both grow more than expected in October

China on Thursday reported exports and imports for the month of October that exceeded forecasts, the country’s General Administration of Customs reported.

According to Reuters, China recorded a trade surplus of $31.78 billion with the U.S. in October ‘ down from a record $34.13 billion in September. The country’s cumulative trade surplus with the U.S. in the first 10 months of the year was $258.15 billion, Reuters reported.

Exports denominated in dollars rose 15.6 percent from a year ago in October, exceeding an expected 11 percent growth economists polled by Reuters had forecast. September exports grew 14.5 percent on-year.

  • Publisher: CNBC
  • Date: 2018-11-07T22:09:30-0500
  • Author: Author link
  • Twitter: @CNBC
  • Citation: Web link

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Trump’s Trade War Spurs Chinese Export Rush to Beat Tariffs

China’s exports still soaring despite trade war

(CNN) – China and the United States are locked in a trade war, but you wouldn’t know it from looking at Chinese exports.

They leaped almost 16% in October compared with the same month a year earlier. That was significantly higher than analysts had forecast and even stronger than last month’s growth.

The performance is surprising because October was the first full month during which new US tariffs on $200 billion of Chinese goods were in effect. Economists and Chinese government officials said recently that they expected export growth to slow in the final months of the year.

  • Publisher: KRDO
  • Date: 2018-11-08T13:03:57+0000
  • Author: DANIEL SHANE CNN BUSINESS
  • Twitter: @KRDO
  • Citation: Web link

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China’s exports hold up despite US tariffs

China’s exports to the United States and the rest of the world saw a surprise jump in October, data showed Thursday, suggesting businesses are ramping up trans-Pacific shipments before higher tariffs kick in.

Relations between the world’s top two economies have soured sharply this year as US President Donald Trump slapped higher taxes on roughly half of Chinese imports and threatened to hit the other half.

Top Chinese officials are currently in Washington, with hopes that those talks could pave the way for a breakthrough on trade later this month when Trump meets Chinese President Xi Jinping at the G20 summit in Argentina.

  • Twitter: @YahooNews
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