China's Trade Balance in October

China’s trade balance grew more than expected in October, as export growth blew past expectations on robust overseas demand and local production, while imports shrank amid weak local demand.

Key Figures

• Trade Balance: $95.27 billion in October
  (Higher than expected surplus of $73.5 billion, up from $81.71 billion in September)

Export Growth

• Exports Growth: 12.7% year-on-year
  (Much higher than the expected 5% increase, up from 2.4% in the previous month)
• Driving Factors: Strong overseas demand; local producers resisted recent trade tariffs, specifically affecting China’s electric vehicle sector.

Import Trends

• Imports Shrinkage: 2.3% year-on-year
  (Worse than the expected 1.5% drop; reversed from a 0.3% increase previously)

Economic Stimulus Measures

Beijing introduced aggressive stimulus measures to support local economic growth, though the scale and execution remain unclear.