Asien: Chinas Handelsüberschuss überschreitet Billionen-Schwelle
Chinas Außenhandel wird von hohen Exportzuwächsen bestimmt. Im Oktober legten auch die Importe deutlich zu. Der Handelsüberschuss durchbricht eine symbolische Grenze.
China's foreign trade has surpassed the $1 trillion surplus mark this year, continuing its record-breaking trend, according to data from the Chinese customs authority. The surplus, calculated in US dollars, stood at approximately $1.04 trillion at the end of October, or around €927 billion. Both exports and imports, measured in value terms, again exceeded analyst expectations.
Exports increased by 35.2% year-on-year in October, while imports rose by 41.6% over the same period. A key driver behind the persistent high exports is the artificial intelligence boom, which maintains a steady demand for technology products and electric items produced in China overseas. Meanwhile, raw material purchases have also contributed to the rise in China's imports.
China's massive surplus is likely to continue causing unrest among its trade partners. For instance, exports to Germany increased by 33.5% in October compared to the previous year, while imports fell by 2.6%. This is due to China's government leveraging foreign demand to keep its economy on track to meet its self-set growth target of 4.5-5% this year.
The decline in imports from Europe reflects weak demand in China, with imports from the US, Southeast Asia, and Africa increasing by 35-42% in October according to customs data. More: China's economy remains divided into winners and losers.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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