China’s exports to the European Union and the US have grown fastest among its major trading partners this year, customs data showed. - AP
BEIJING (Bloomberg): China posted a record monthly trade surplus in October as exports surged despite global supply chain disruptions.
Exports rose 27.1% in dollar terms last month from a year earlier to US$300.2bil (RM1.2 trillion), data from the General Administration of Customs showed on Sunday (Nov 7). That was the 13th straight month of double digit growth, and exceeded economists’ expectations of a 22.8% gain. Imports increased 20.6%, leaving a trade surplus of US$84.54bil (RM351bil).
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