China's Export Surprises: Trade Woes and Looming Challenges

China's exports decreased unexpectedly in October due to US-China trade tensions and internal factors. This downturn marks the worst performance since February. The geopolitical landscape and technical issues have impacted China’s economy, and experts predict continued supply-chain shifts away from China in the long-term.

China's export scenario turned unexpectedly negative in October, as new customs data revealed a 1.1% decline, highlighting the strain of ongoing U.S.-China trade tensions.

Geopolitical uncertainty and unexpected structural shifts, such as an additional holiday, contributed to this downturn, impacting the world's second-largest economy significantly.

China's response includes diversifying export markets and increasing imports, with aims to become a prime export destination and push economic growth beyond 170 trillion yuan by 2030.

(With inputs from agencies.)