While the US has imposed tariffs on half of all Chinese goods since the trade war began in July, the impact has been offset by a decline in the yuan against the dollar, which dipped sharply twice in the past month. Global demand also continues for goods produced in China.
Chinese Trade Figures Up Despite Trade War With US
BEIJING (Alliance News) – China’s imports and exports performed better than expected in October, according to data released by its customs department on Thursday, despite the fact the country is fighting a protracted trade war with the US. China’s exports in October were up 16% from the same time last year, reaching USD217.28 billion, according to government figures. Imports meanwhile grew 21% to USD183.27 billion.