China exports dropped -0.3% yoy in Oct, imports down -0.7% yoy

In USD term, China’s exports dropped -0.3% yoy to USD 298.37B in October, well below expectation of 4.3% yoy. That’s the worst performance since May 2020. Imports dropped -0.7% yoy to USD 213.22B, below expectation of 0.1% yoy. That’s the the worst since August 2020. The simultaneous contraction in both exports and imports was the […]

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