China trade surplus tops $1 trillion again ahead of APEC talks
China's trade surplus has passed $1 trillion in the first 10 months of the year, putting the country on track to exceed last year's record. Official customs data showed the surplus reached $1.04 trillion through October, with exports continuing to rise sharply. The figures come just days before expected talks between Xi Jinping and Donald Trump at the Asia-Pacific Economic Cooperation summit.The General Administration of Customs said exports rose 35.2% year-on-year in October to $412.3 billion, while imports increased 41.6% to $307.1 billion. Chinese exports to the United States also grew 32.9% last month, underscoring the strength of outbound trade... [Continue Reading]
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