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Trade was: China's exports are still soaring despite US tariffs



The performance is surprising because of the first full month of which $ 200 billion of Chinese goods were in effect. The economists and Chinese government officials said they were expecting growth in the final months of the year.
The US tariffs on $ 200 billion of goods are being kicked out in September the end of the year.

This "encourages exporters to rush through orders to the United States," Louis Kuijs, head of economics at Oxford Economics, wrote in a client note Thursday. But he added that it's "obviously not the whole story."

The downward slide in China's currency is also playing a role. The yuan has slumped almost 1
0% against the dollar since February as investors have become more concerned about the health of China's economy and the potential impact of the escalating trade.
 The United States imposed 10% tariffs on $ 200 billion of Chinese goods on September 24.

[19659003] A weaker currency makes Chinese goods more competitive compared to those of Rival exporters and offsets of the US tariffs.

China also helped in October.

"Global demand may be better than feared," Kuijs said.

 How the trade was made China even stronger

Economists are still predicting that the good times for China's huge export industry won 't last.

Investment bank ANZ said Thursday that it expects the US $ 200 billion of Chinese goods to rise to 25% at the end of the year.

US President Donald Trump has

Trump is due to discuss trade with Chinese President Xi Jinping on the G20 summit guidelines in Buenos Aires later this month, but experts are doubtful the two leaders are ready to agree on a swift resolution to the conflict.

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