Caixin
Nov 08, 2018 06:41 PM
ECONOMY

Update: China Exports Roar As Traders Rush to Beat U.S. Tariff Hike

China's imports soared 21.4% year-on-year to $183.3 billion, picking up from 14.5% in September. Photo: VCG
China's imports soared 21.4% year-on-year to $183.3 billion, picking up from 14.5% in September. Photo: VCG

*Exports jumped 15.6% last month year-on-year, the fastest pace since February and quicker than economists predicted

*Analysts argued that the rapid expansion of exports was significantly driven by a rush on orders ahead of scheduled U.S. tariff hikes, and that this strength will not last

(Beijing) — The expansion in China’s overseas shipments picked up in October for the second straight month, official data showed Thursday, as exporters scrambled to speed up deliveries to beat a planned increase in U.S. tariffs that will dent their profits.

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