FX.co ★ China's Import Growth Plummets from 7.4% to 1.0% in October

In a striking economic shift, China's import growth rate has dramatically fallen from 7.4% in September to a mere 1.0% in October on a year-over-year basis. This substantial slowdown, as revealed in the latest data update on November 7, 2025, marks a significant downturn for the world’s second-largest economy.

The previous indicator of 7.4% was a reflection of China's economic activities compared to September of the previous year, signifying robust growth. However, the recent drop to 1.0% suggests a substantial easing, underscored by challenges potentially facing China's import capacities or domestic economic conditions affecting import demand.

This downward trajectory in import growth is likely to have broader implications not only for China's economic outlook but also for global trade partners. Observers and stakeholders worldwide watch closely as this data signals a possible recalibration in global trade dynamics, with long-reaching impacts on supply chains and economic forecasts.