China’s exports soar despite the trade war
November 8, 2018
Hong Kong (CNN Business)China and the United States are locked in a trade war, but you wouldn’t know it from looking at Chinese exports.
They leaped almost 16% in October compared with the same month a year earlier. That was significantly higher than analysts had forecast and even stronger than last month’s growth
The performance is surprising because October was the first full month during which new US tariffs
on $200 billion of Chinese goods were in effect. Economists and Chinese government officials said recently that they expected export growth to slow in the final months of the year.
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