BEIJING, Nov. 7 (BNA): China’s exports remained strong in October, in a positive sign for an economy trying to overcome energy shortages and the COVID-19 outbreak, according to the Associated Press.
On Sunday, the country’s customs agency said total exports totaled $300.2 billion, up 27.1% from last year. This was down from a 28.1% increase in September but is still healthy. Imports came in at $215.7 billion, up 20.6 percent.
Exports and imports are much higher than they were a year ago, when most of the world was in the midst of the COVID-19 pandemic, but there is widespread concern that economic headwinds are slowing growth.
The world’s second-largest economy grew 4.9% in the three months to September, down from 7.9% in the previous quarter.
China’s trade surplus in October was $84.5 billion, up from $66.8 billion the previous month, the customs agency said.
The surplus with the United States decreased slightly to $40.7 billion, compared to $42 billion in September. With the European Union, it was $25.9 billion.
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