China’s exports remained strong in October, a positive sign for an economy struggling to cope with electricity shortages and the coronavirus.
The country’s customs service announced that exports amounted to $ 300.2 billion, higher by 27.1% compared to the previous year.
In September, the increase was 28.1%. Imports rose 20.6% to $ 215.7 billion.
Exports and imports are much higher than last year, when the pandemic began, but there is widespread concern that economic problems are slowing growth.
The second largest economy in the world grew by 4.9% in the quarter to September, lower than + 7.9% in the previous quarter.
China’s trade surplus in October stood at $ 84.5 billion, up from $ 66.8 billion a month earlier.
The surplus with the US was slightly lower, at $ 40.7 billion, compared to $ 42 billion in September.
With the EU it stood at 25.9%.
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Source From: Capital
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