China's $1T Surplus Again

China’s trade surplus exceeded $1 trillion for the second consecutive year, reaching $1.04 trillion between January and October and putting it on track to surpass last year’s record of $1.2 trillion. In October, exports rose 35.2% year on year and imports climbed 41.6%, bringing the monthly surplus down to $105.3 billion from $133.5 billion in September. An economist attributed the continued strength of exports to the performance of the electronics and automotive sectors.

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