China’s exports grew 27.1 percent in October, trade surplus crossed $ 84 billion


China Import-Export: China’s exports remained strong in October as well. This is a positive sign for the economy amid the power crisis and the Kovid-19 pandemic. In October, China’s exports grew by 27.1 percent to $ 300.2 billion. At the same time, China’s exports grew by 28.1 percent in September. During this period, China’s imports increased by 20.6 percent to $ 215.7 billion.

Trade surplus stood at $84.5 billion
Let us tell you that the Customs Administration gave information about this on Sunday. China’s trade surplus stood at $84.5 billion during the period under review, up from $66.8 billion in September.

Import-export increased compared to last year
China’s export and import figures have been higher compared to the same period a year ago. At that time the economies of the world were affected by the Kovid-19 epidemic. However, overall there is a slight slowdown in China’s economic growth rate.

Effect of Korana on the economy
China’s economy has been affected by the restrictions imposed due to the Kovid-19 epidemic. This has reduced travel and consumer demand in the country. Along with this, factory production has been affected due to power shortage.

Trade surplus stood at $25.9 billion in September
China’s trade surplus with the US declined marginally to $40.7 billion in October, from $42 billion in September. The trade surplus with the European Union stood at $25.9 billion.

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