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China Posts Record Trade Surplus in October as Exports Surge

  • Exports jumped 27.1%, beating economists’ expectations
  • Boost in exports supports China’s weaker domestic economy
Bloomberg business news
WATCH: China’s export growth beat expectations in October. Stephen Engle reports.Source: Bloomberg
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China posted a record monthly trade surplus in October as exports surged despite global supply-chain disruptions.

Exports rose 27.1% in dollar terms last month from a year earlier to $300.2 billion, data from the General Administration of Customs showed Sunday. That was the 13th straight month of double digit growth, and exceeded economists’ expectations of a 22.8% gain. Imports increased 20.6%, leaving a trade surplus of $84.54 billion.