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China's trade surplus tops $1 trn for 2nd straight year, exports jump 35%
China's trade surplus exceeded USD 1 trillion for a second straight year, according to official data released Tuesday, as pressure mounts for greater balance in trade with Beijing. Exports in October surged 35.2 per cent from a year earlier, the customs agency said. Exports have grown rapidly this year supported by high-tech goods like semiconductors and autos. Imports rose 41.6 per cent year-on-year. Between January and October, China logged a USD 1.04 trillion trade surplus, even as the trade…
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