China reported a 6.4% drop in exports in October, worse than the predicted 3.3% drop, while Imports surprisingly rose by 3% in U.S. dollar terms. However, imports from the U.S. were down 3.7% in October compared to the previous year. China's exports have fallen every month this year, while the last positive print for imports was in September last year. Lackluster global and domestic demand have contributed to China's overall trade decline. Despite this, China's GDP grew by 4.9% in Q3, beating expectations, and policymakers have announced more support for the struggling economy.

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