China October exports, imports growth slows
China's exports and import growth eased in October in a sign the world's second-largest economy is starting to cool after a strong first half, with momentum seen slackening further as Beijing's crackdown on pollution hits factory output.
The trade data also showed China's goods surplus with the United States, historically a sore spot in relations between the two nations, narrowed last month as investors awaited US President Donald Trump's arrival in Beijing later in the day.
Trade and North Korea are expected to feature prominently in discussions between Trump and President Xi Jinping, who is driving broad economic reforms by opening up China's capital markets, targeting corruption and reducing high levels of debt in an effort to foster sustainable growth.
“Continued solid exports to the US may add to US-China trade tensions,” Louis Kuijs, head of Asia Economics at Oxford Economics in Hong Kong, wrote after the data was released.
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