China's exports unexpectedly contract in October as shipments to U.S. drop 25% [MSNBC.com]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: MSNBC.com
A cargo ship loaded with foreign trade containers heads towards Qingdao Port in Qingdao City, Shandong Province, China, on November 5, 2025.Costfoto | Nurphoto | Getty ImagesChina's exports in October declined for the first time in nearly two years due to a high base effect and as businesses' front-loading momentum tapered off ahead of meeting between U.S. and Chinese leaders.Outbound shipments dropped 1.1% in October in U.S. dollar terms from a year earlier — their first contraction since March 2024, when exports shrank bya staggering 7.5%Exports decline was unexpected as economists had anticipated a 3% growth, according to a Reuters survey, and compared with asix-month high growth of 8.3%Imports rose 1% last month, missing the estimates for 3.2% growth, as a prolonged housing market downturn and weak job market conditions continued to weigh on consumer demand. They had jumped 7.4% in September."It seems the frontloading finally faded in October," said Zhiwei Zhang, president and chi
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