Asia: China's trade surplus exceeds trillion threshold
China's foreign trade is characterized by high export growth. In October, imports also increased significantly. The trade surplus breaks through a symbolic barrier.
China's foreign trade has surpassed a trillion US dollars in surplus this year, according to the Chinese customs authority. As of October, the surplus was approximately 1.04 trillion US dollars. Exports rose 35.2 percent in October compared to the previous year, while imports increased by 41.6 percent. China's exports to Germany grew by 33.5 percent in October, but imports from Germany fell by 2.6 percent.
The country's strong exports are driven by demand for technology goods and electronics, particularly those related to artificial intelligence.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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