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China’s export growth hits highest level in 19 months

October data highlights rising role in global trade during Covid-19

Growth in China’s exports jumped to its highest level in more than a year and a half in October, in the latest sign that the country’s rapid economic recovery from coronavirus is strengthening its role in global trade.

Exports from the world’s second-biggest economy beat analysts’ expectations to rise 11.4 per cent year-on-year during the month, official data showed on Saturday, the strongest growth rate since March 2019. That compares to a 9.9 per cent increase in September, previously the year’s high.

China’s export machine has flourished during the Covid-19 crisis, with growth over recent months supported by international appetite for its medical equipment and electronics products.

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