China’s Exports Surge 12.4%, Beating Expectations Amid Trump-Era Trade Tensions

Beijing: Defying ongoing trade tensions linked to former U.S. President Donald Trump’s policies, China’s exports rose by 12.4% over the past 12 months, surpassing Bloomberg’s forecast of a 4.6% increase—nearly three times higher than expected.

According to China’s General Administration of Customs, imports for the same period declined by 4.3%.

Despite facing a prolonged debt crisis in the real estate sector and subdued domestic consumption, Chinese leadership has set an ambitious annual growth target of around 5%, with a strong emphasis on domestic demand as the key driver of the economy.

As the world’s second-largest economy, China’s fragile economic recovery remains challenged by lingering effects of the U.S.-China trade war, initiated during Trump’s presidency. These tensions continue to cast a shadow over global trade dynamics. — RSS/AFP