China posts record trade surplus in October as exports surge


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[post] BEIJING (Bloomberg): China posted a record monthly trade surplus in October as exports surged despite global supply chain disruptions. Exports rose 27.1% in dollar terms last month from a year earlier to US$300.2bil (RM1.2 trillion), data from the General Administration of Customs showed on Sunday (Nov 7). That was the 13th straight month of double digit growth, and exceeded economists’ expectations of a 22.8% gain. Imports increased 20.6%, leaving a trade surplus of US$84.54bil (RM351bil). China’s trade growth has remained well above pre-pandemic levels all year. Its exports through October have already surpassed all of 2020. The strong trade...