China's October foreign shipments accelerate

Business | 8 Nov 2018 4:47 pm

China's imports grew by 26.3 percent year-on-year in October, while exports increased by 20.1 percent, with the pace of growth both beating expectations, data showed today.

This compared with the 17.4-percent growth for imports in September and a rise of 17 percent for exports.

The trade surplus stood at 233.63 billion yuan last month, expanding from 213.23 billion yuan in September, according to data released by the General Administration of Customs, Xinhua reports.

For the first 10 months of the year, foreign trade totaled 25.05 trillion yuan, up by 11.3 percent from the same period last year.

Foreign trade with the European Union, the country's biggest trade partner, climbed by 8.4 percent year-on-year to 3.68 trillion yuan for January-October, GAC data show.

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