China's Exports Plummet, New Markets Sought

Chinas exports plummet in October, marking the worst performance since February, due to a slowdown in overseas orders amid US-China trade tensions. Despite an extended trade truce, Chinese goods heading to the US still face high tariffs, prompting China to seek new markets and increase imports. China aims to become a top export destination and boost economic growth, with a projected GDP of over 170 trillion yuan by 2030.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.