中国_10 月贸易增长显著放缓-China_ Trade growth slowed materially in October
2025-11-10 03:34
7 November 2025 | 12:51PM HKT Economics Research China: Trade growth slowed materially in October Bottom line: China's trade growth slowed materially in October and came in below consensus expectations (exports: -1.1% yoy, imports: +1.0% yoy). Year-over-year trade growth was likely dragged by a lower number of working days in October 2025 (18) compared with 2024 (19). Chinese nominal exports to the US, ASEAN, and LatAm rose in October, while those to EU, Japan, and other EMs declined sequentially. While pay ...