Trade: China's foreign trade surplus breaks the trillion mark: Government leadership continues to drive 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. The surplus with Germany increased, with China's exports rising 33.5% in October and imports falling 2.6%. Exports to the European Union rose 24.4%, while imports declined by over 4%, resulting in a surplus of $33.4 billion. China's overall exports grew 35.2% in October, while imports rose 41.6%.
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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