China's export growth slowed in October but beat forecasts, helped by booming global demand ahead of winter holiday seasons, an easing power crunch and an improvement in supply chains that had been badly disrupted by the coronavirus pandemic.
However, imports missed analysts' expectations, likely pointing to the overall weakness in domestic demand.
"The government can afford to wait until the year-end to loosen monetary and fiscal policies, now that exports provide a buffer to smooth the economic slowdown," he said. Imports jumped 20.6% in October from a year earlier, accelerating from a 17.6% gain in September but well below expectations for a rise of 25%.
The world's second largest economy grew 4.9% in the July-September quarter from a year earlier, the weakest reading since the third quarter of last year.
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