China posts stronger-than-expected export, import growth

China’s customs data on October 13 showed exports climbing 8.3% year-on-year, beating consensus of 6%, while imports rose 7.4%, their strongest pace since April 2024. Trade with non-U.S. markets fueled much of the gain as Beijing pushes exporters to diversify amid looming tariff pressures. The data offers relief to global markets worried about deep export contraction under Trump’s new tariff proposals. (Reuters)