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Terms of Trade: China Exports Spur Hope, But Imports Still Ugly

Nov. 8, 2019, 12:00 PM

When it comes to global trade these days, the bar is pretty low as to what’s considered good news.

And so a less-than-expected decline in China’s exports in October was greeted with optimism Nov. 8. That’s even though tepid imports show demand in the world’s second-largest economy is still weak.

Here’s the numbers: Exports decreased 0.9% in dollar terms from a year earlier and imports dropped 6.4%. That left a trade surplus of $42.81 billion for the month.

China’s trade surplus with the U.S. was $26.42 billion. Exports to the U.S. are now down 11.3% in dollar terms in the...

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