China Reports Trade Surplus Above $1 Trillion for Second Time in History
Published
China announced that its trade surplus has once again exceeded $1 trillion. This is the second time this has happened in the country's history.
In October, China's exports grew by 35.2% year on year. The result was better than economists had expected, who had forecast growth of 33.5%.
According to the announcement, exports are the main driver of this strong result. A trade surplus means that the country sells more goods abroad than it buys from other countries.
These figures are important for the global economy, because China is one of the largest trading partners in the world. The further effects on trade and prices are not yet clear.
Sources: Forbes Bulgaria
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