Reuters: AI Drives 35.2% Year-on-Year Rise in China’s October Exports
Reuters (Japanese edition), November 10 report: China’s exports, measured in U.S. dollars, rose 35.2% year on year in October. Exports linked to artificial intelligence (AI) continue to surge, and the trade surplus has exceeded $1 trillion for a second consecutive year.
According to forecasts compiled by Reuters based on The Economist’s projections, annual exports are expected to grow by 33.5%. This follows a 36.3% increase in September.
Imports rose 41.6% in October, surpassing Reuters’ forecast of 32%. The growth rate continued to accelerate from September’s 31%.
The trade surplus from January to October reached $1.04 trillion, exceeding the full-year 2025 target one month ahead of schedule.
Joe Paisel, chief macro economist at Tribium China, stated: “Even by 2027, the risk of additional tariffs and other trade barriers remains elevated, particularly given Chinese manufacturers’ ongoing expansion into overseas markets.”
China’s robust export performance this year is underpinned by the global surge in demand for AI infrastructure. Macquarie analysts noted: “The outlook for exports hinges on how long the AI boom persists.” Export growth is expected to accelerate further in the fourth quarter before moderating from the first quarter of 2027 onward.
Original source: toutiao.com/article/1881441291054080/
Disclaimer: The views expressed in this article are those of the author alone.