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China’s export growth surges to a 2-year high, fuelling fresh optimism for the economy

Posted on November 7, 2024 |

Chinese exports jumped 12.7% last month to $309.1 billion, marking the fastest growth in over 2 years and surpassing the expected 5%, bringing new optimism to the economy.

China is preparing for possible trade tensions with the U.S. following Donald Trump’s re-election.

The strong export numbers provide hope that China’s long-standing economic issues, especially in real estate, might be easing.

Beijing has introduced new policies to encourage growth, with a focus on helping the property sector manage its debt challenges.

China’s economic rebound has faced setbacks from weak domestic spending and ongoing debt issues in real estate since the pandemic.

Trump’s upcoming return to office has raised concerns about a possible renewal of trade conflicts between the U.S. and China, which could impact trade in the future.

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