Foreign trade: China surpasses trillion mark - and continues to boost exports
China is exporting more and more abroad, also to Germany. At the same time, it is the anniversary of its accession to the World Trade Organization. Critics consider it a mistake. With good reason?
China's exports continue to grow strongly, with a trade surplus of $1.04 trillion for the first ten months of the year, according to the Chinese customs authority. In October, exports rose 35.2% year-on-year, while imports increased by 41.6%. China's trade surplus with Germany expanded, with exports to Germany rising 33.5% in October, while imports fell 2.6%. The surplus with the European Union grew to $33.4 billion, with exports to the EU up 24.4% and imports down over 4%.
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.
