China trade jumps, beats forecasts
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MG News | October 13, 2025 at 12:54 PM GMT+05:00
October 13, 2025 (MLN): China's overseas trade grew at a faster pace than expected last month, official data showed Monday, amid fresh fears of a major escalation in the tariff war between Beijing and Washington.
Exports jumped 8.3% year on year in September, the General
Administration of Customs said, beating a Bloomberg forecast of 6.6%.
Imports rose 7.4%, the data showed, significantly outpacing
a Bloomberg forecast of 1.9%.
The figures are a promising sign for the Chinese economy,
which has in recent years been mired in a persistent spending slump just as
pressure on its export reliant manufacturing sector intensifies, reported
by APP.
Shipments to the United States the world's largest consumer
market picked up last month to reach $34.3billion, the data showed.
The figure marked an 8.6% rise from the $31.6bn recorded in
August.
Concerns spiked over the weekend that this year's trade war
between the world's top two economies will worsen further following US
President Donald Trump's threat to impose additional 100% tariffs to all
Chinese goods.
Beijing, in turn, accused Washington of acting unfairly,
with its Ministry of Commerce on Sunday calling the threat a "typical
example of 'double standards'".
Trump struck a more conciliatory tone on Sunday, writing in
a social media post that the United States "wants to help China, not hurt
it".
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