A drone view shows containers at the new megaport being built by China's state-owned Cosco Shipping, promising to shorten sea routes to Asia for Peruvian and some Brazilian goods, in Chancay, Peru, on Oct 24, 2024. BEIJING: China's exports likely grew in November, slower than last month's bumper data but continuing an upbeat trend as Chinese exporters likely frontloaded shipments amid growing tariff risks from the incoming US administration.
The forecast indicates another month of buoyant trade data scheduled for release on Tuesday, bucking broader slowdown in global demand. Economists expect Chinese exporters to have been frontloading shipments ahead of higher tariffs when US President-elect Donald Trump takes office, as US manufacturers also frontload imports to mitigate expected cost pressures.
Meanwhile, unresolved tensions with the European Union over tariffs of up to 45.3 per cent on China-made electric vehicles threatens to open a second front in Beijing's trade war with the west.China's factory activity expanded modestly a second straight month in November, an official survey showed, with manufacturers reporting the best business conditions in seven months. That should point to a pick-up in exports, Barclays Research estimates.