Poll: China's export growth expected to have remained strong in October
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓China’s goods exports likely surged by 33.5% in October, a Reuters poll shows.
- ✓This strong growth helps the economy despite weak domestic demand.
- ✓While the trade surplus hit $1 trillion, analysts noted, "Key hardware like printed circuit boards, memory chips, and optical transceivers are still facing capacity shortages."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
BEIJING, Nov 9 (Reuters) - China's goods exports are expected to have surged by a third in October, a Reuters poll shows, a helpful offset to weak domestic demand even as a year-to-date trade surplus of more than $1 trillion risks further antagonising trading partners.
The expected 33.5% year-on-year export growth in US dollar terms in the poll is slightly lower than September's 36.3% surge. The trade data will be released on Tuesday.
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A global race to expand infrastructure for sophisticated AI models has turbocharged the value of China’s outbound shipments this year.
Imports have also been surging in value terms, with the annual rise in October shipments forecast at 32% to follow September's 31.0% increase.
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Reuters
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