Exports grow at fastest pace since July 2022
Factories rush goods as Trump39;s election win raises tariff threat
Imports undershoot, underline weak domestic demand
BEIJING, Nov 7 Reuters China39;s exports grew at the fastest pace in over two years in October as factories rushed inventory to major markets in anticipation of further tariffs from the U.S. and the European Union, as the threat of a twofront trade war loomed large.
Donald Trump39;s sweeping victory in the U.S. presidential election has brought into sharp focus his campaign pledge to impose tariffs on Chinese imports in excess of 60 and is likely to spur a shift in stocks to warehouses in China39;s No.1 export market.
Trump39;s tariff threat is rattling Chinese factory owners and officials, with some 500 billion worth of shipments annually on the line, while trade tensions with the EU, which last year took 466 billion worth of Chinese goods, have intensified.
Export momentum has been one bright spot for a struggling economy as household and business confidence has been dented by a prolonged property market debt crisis .
Outbound shipments from the world39;s secondbiggest economy grew 12.7 yearonyear last month, customs data showed on Thursday, blowing past a forecast 5.2 increase in a Reuters poll of economists and a 2.4 rise in September.
Imports fell 2.3, compared with expectations for a drop of 1.5, turning negative for the first time in four months.
China39;s trade surplus grew to 95.27 billion…