China’s exports fell 1.1% in October compared with the same month last year, marking the weakest monthly growth since February. The decline was driven mainly by a 25% drop in shipments to the United States, affected by ongoing trade tensions and earlier tariff-related front-loading.
Imports into China also slowed, rising only 1% in October, down from 7.4% in September, reflecting weaker domestic demand. Analysts point to a slowing property sector and cautious consumer spending as contributing factors.
Despite efforts to diversify trade towards Europe, Southeast Asia, and Africa, the drop in US-bound exports has had a significant impact. Some optimism remains as recent talks between China and the US could ease tariffs, potentially supporting exports in the coming months.
Overall, China’s trade slowdown highlights the challenges posed by external demand weakness and the importance of boosting domestic consumption to sustain growth.
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