China’s trade surplus tops $1 tn for second year
HONG KONG: China's trade surplus exceeded $1 trillion for a second straight year, according to official data released Tuesday, as pressure mounts for greater balance in trade with…
Attributed summary
HONG KONG: China's trade surplus exceeded $1 trillion for a second straight year, according to official data released Tuesday, as pressure mounts for greater balance in trade with Beijing.Exports in October surged 35.2% from a year earlier, the customs agency said. Exports have grown rapidly this year, supported by high-tech goods like semiconductors and autos.Imports rose 41.6% year-on-year.Between January and October, China logged a $1.04 trillion trade surplus, even as…
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