BEIJING: China’s outbound shipments grew at the fastest pace in over two years in October as manufacturers rushed inventory to major export markets in anticipation of further tariffs from the United States and the European Union, with the threat of a broader trade war looming.
With Donald Trump being elected as the next US president, his pre-election pledge to impose tariffs on Chinese imports in excess of 60% is likely to spur a shift in stocks to warehouses in China’s biggest export market.
