Momentum in trade bolsters growth outlook

Résumé détaillé

Exports helped fuel overall trade growth, with shipments rising 17.6 percent year-on-year to 25.99 trillion yuan over the period. Exports of mechanical and electrical products…

China's foreign trade growth, building on a steady climb up the export value chain and a massive domestic market that is opening wider to imports, is delivering a crucial boost to economic growth in the final stretch of the year, experts and executives said.

The country's pursuit of more balanced foreign trade promises greater opportunities for global businesses, while reinforcing China's role as an anchor of stability for the world economy, they added.

Their comments came as the General Administration of Customs said on Tuesday that the total value of China's goods imports and exports reached 44.81 trillion yuan ($6.7 trillion) in the first 10 months of 2026, up 20 percent year-on-year.

Exports helped fuel overall trade growth, with shipments rising 17.6 percent year-on-year to 25.99 trillion yuan over the period. Exports of mechanical and electrical products grew at a faster pace, up 25.2 percent year-on-year to 16.81 trillion yuan.

Behind much of China's export strength this year is the global boom in artificial intelligence investment, which has provided a growing boost to shipments of chips and related products, said Feng Lin, executive director of research at Orient Golden Credit Rating International.

"A steadily improving export mix is also becoming an important driver of export growth," she said, noting that years of manufacturing upgrades continue to bolster exports of high-tech goods.

That industrial progress has gradually shifted China's manufacturing edge from low labor costs toward "a combination of strengths in supply chains, technological innovation and production efficiency", said Luo Zhiheng, chief economist at Yuekai Securities.

Inside the workshops of Kyocera Document Technology (Dongguan) Co, an office equipment manufacturer in Guangdong province, a batch of newly developed multifunction printers awaits shipment to Southeast Asia, according to Huangpu Customs in Guangdong.

Yuan Xiji, a company executive, explained how the company climbs up the value…

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