China's Exports Surge 12.7% in October

In a surprising turn, China's exports surged by 12.7% in October, exceeding analysts' expectations of 5.2%, while imports fell by 2.3%, a sharper decline than the anticipated 1.5%. This growth in exports, the fastest since July 2022, reflects strong international demand despite ongoing challenges from weak domestic consumption and a property crisis. The official purchasing managers' index also indicated economic expansion, rising to 50.1, marking the first growth since April. In response to economic pressures, Chinese authorities have implemented various stimulus measures, including interest rate cuts and relaxed property purchase regulations. The resulting trade surplus increased to $95.72 billion in October, compared to $81.71 billion in September. However, uncertainty looms over future trade dynamics, particularly with the potential impact of Donald Trump’s return to U.S. presidency on tariff policies.