Beijing: China’s export growth slowed slightly in October to 27.1 per cent over a year ago, while imports were up 20.6 per cent, the customs administration said Sunday.
The trade surplus was USD 84.5 billion, higher than the USD 66.8 billion in September.
The export and import figures are much higher than a year ago, when much of the world was in the throes of the COVID-19 pandemic, but overall economic growth appears to be moderating.
China’s economy has been buffeted by COVID-19 outbreaks and related restrictions that have depressed domestic travel and consumer demand, and power shortages that have pushed down factory production.
Exports, which were up 28.1 per cent in September, totalled USD 300.2 billion last month. Imports were USD 215.7 billion.
AP
