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CHINA PRESS: China Exports Up 12.7 Y/Y In October

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

China’s exports rose strongly by 12.7% y/y in dollar terms during October driven by a reduction in extreme weather, improvements to shipping and a low-base level from the same period last year, Feng Lin, executive director of the research and development department of Orient Jincheng said. Looking ahead, export performance will remain stable despite trade protectionism and geopolitical conflicts given China’s complete industrial system and a global recovery in electronic product demand, said Zhou Maohua, a macro researcher at Everbright Bank. Imports contracted by 2.3% y/y due to weak domestic demand, cautious import decisions from market entities and a high-base level, Zhou added. 

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China’s exports rose strongly by 12.7% y/y in dollar terms during October driven by a reduction in extreme weather, improvements to shipping and a low-base level from the same period last year, Feng Lin, executive director of the research and development department of Orient Jincheng said. Looking ahead, export performance will remain stable despite trade protectionism and geopolitical conflicts given China’s complete industrial system and a global recovery in electronic product demand, said Zhou Maohua, a macro researcher at Everbright Bank. Imports contracted by 2.3% y/y due to weak domestic demand, cautious import decisions from market entities and a high-base level, Zhou added.