China’s exports remain strong, trade surplus reaches USD 84 billion | China’s exports grow 27.1 percent in October, the trade surplus exceeds 84 billion dollars


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China’s exports grow 27.1 percent in October, the trade surplus exceeds 84 billion dollars

BEIJING: China’s exports also remained strong in October. This is a positive sign for the economy amid the energy crisis and the Kovid-19 pandemic. China’s exports rose 27.1 percent to $ 300.2 billion in October. China’s exports grew 28.1 percent in September. During this period, China’s imports rose 20.6 percent to $ 215.7 billion. The Customs Administration released this information on Sunday. China’s trade surplus stood at $ 84.5 billion during the review period, up from $ 66.8 billion in September.

China’s export and import figures have been higher than in the same period a year ago. At that time, the world’s economies were affected by the Kovid-19 epidemic. However, China’s overall economic growth rate has slowed slightly. China’s economy has been affected by the restrictions imposed due to the Kovid-19 epidemic. This has reduced travel and consumer demand in the country. Along with this, the factory’s output has been affected due to power shortages. China’s trade surplus with the US declined marginally to $ 40.7 billion in October from $ 42 billion in September. The trade surplus with the European Union stood at $ 25.9 billion.




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