CHINESE exports grew by a better-than-expected 15.6 per cent year on year in October, according to official data, as buyers frontload shipments ahead of possible further action by the US.
Contrary to expectations that Washington's latest US$200 billion tariff round would suppress demand for Chinese goods, export growth actually accelerated from the 12.2 per cent year-on-year average posted during the first nine months of the year, reports London's Financial Times.
Imports also picked up to 21.4 per cent in October from 20 per cent for the January-September period.
Notably, exports to the US grew 13.2 per cent from a year earlier, whereas imports fell 1.8 per cent, lifting China's bilateral trade surplus to $32 billion last month from $25 billion for the first three quarters.
In addition to a rush of demand by from American importers in anticipation of more tariffs, a humming US economy and slipping renminbi appear to be diluting any intended impact of the trade war, said the FT.
Contrary to expectations that Washington's latest US$200 billion tariff round would suppress demand for Chinese goods, export growth actually accelerated from the 12.2 per cent year-on-year average posted during the first nine months of the year, reports London's Financial Times.
Imports also picked up to 21.4 per cent in October from 20 per cent for the January-September period.
Notably, exports to the US grew 13.2 per cent from a year earlier, whereas imports fell 1.8 per cent, lifting China's bilateral trade surplus to $32 billion last month from $25 billion for the first three quarters.
In addition to a rush of demand by from American importers in anticipation of more tariffs, a humming US economy and slipping renminbi appear to be diluting any intended impact of the trade war, said the FT.