China posts record trade surplus in October as exports soar


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China posts record trade surplus in October as exports soar Bank & Insurance By Jacky On Nov 7, 2021 Share (Bloomberg) — China recorded a record monthly trade surplus in October as exports surged despite global supply chain disruptions. Most read by Bloomberg Exports rose 27.1% in dollars last month from a year earlier to $300.2 billion, data from the General Administration of Customs showed on Sunday. That was the 13th straight month of double-digit growth, surpassing economists’ expectations of a 22.8% gain. Imports increased by 20.6%, leaving a trade surplus of $84.54 billion. Trade growth in China remained well...