China’s trade surplus exceeds $1tn for first 10 months of year
Balance is on course for annual record that would intensify tensions with trade partners
Balance is on course for annual record that would intensify tensions with trade partners
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Balance is on course for annual record that would intensify tensions with trade partners
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China's trade surplus ballooned to more than $1 trillion in October, official data showed on Tuesday, reaching the milestone even earlier than last year's record-breaking sum.
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Goods exports soared by 35.2% last month from a year earlier, exceeding expectations for a 33.5% jump in a Reuters poll and slowing from a 36.3% jump in September.
Weak domestic demand weighs on the world’s second-largest economy even as energy crisis drives up costs
The PPI for October came in at 5.7%, compared to the 5.3% expected by economists polled by Reuters.