China’s exports recovered a little in October, in an early sign that global demand may be picking up as trade tensions with the US ease, reported the Wall Street Journal.
Exports were down 0.9% from a year earlier, the General Administration of Customs reported, better than September’s 3.2% decline and economists’ October forecasts. Exports to emerging markets and the European Union accelerated; shipments to the US remained weak, though the decline was smaller than in September.
The US-China thaw, which has boosted market sentiments, helped drive up prices but hasn’t translated into actual orders, said Liu Yaxin, an economist at China Merchants Securities.
“Fundamentally, demand and prices all point to improving operations, although there are still many uncertainties so we probably don’t want to be too optimistic,” Liu said.