Is China’s economy slumping? Is the trade war dousing Chinese business activity? Not according to the October trade data.
China’s exports climbed 15.6% in October, versus the same month a year ago, in US dollar terms—way higher than what analysts expected. The real surprise, though, was the eye-popping 21.4% year-over-year leap in Chinese imports. That’s odd given that China’s economy is slowing abruptly again, which should translate to sluggish demand for goods from consumers and businesses.
What explains the weirdness? Could it be… tariffs?Read more here