World trade China's exports increase significantly

Chinese exports rose more strongly than expected in October. According to figures from the Beijing customs authority, exports from the second-largest economy rose by 12.7 percent year-on-year.

Analysts had expected an increase of around five percent. Chinese imports were weaker than expected, falling by 2.3% year-on-year in October.

The mood in the Chinese economy had recently improved somewhat as a result of measures announced by Beijing to combat the weakening economy. The reasons for China's economic problems include the crisis in the real estate sector, which has been rampant for several years, weak domestic demand and high unemployment among young people.

To encourage people to spend more money again, the central bank lowered interest rates on loans for real estate purchases, among other things. Observers are hoping for further measures, which could be announced this week.

What is Donald Trump up to?

Donald Trump could bring new uncertainties for Chinese trade once he has returned to the White House. During his first term in office, Trump initiated a trade war with China by introducing high punitive tariffs, which led to considerable tensions. During his current election campaign, the Trump camp also threatened to introduce further tariffs on Chinese goods. Experts fear that an intensification of the trade conflict could have a negative impact on the economic recovery in China and worldwide.

SDA