Staff WriterChina’s export growth speeds up in October, this year’s total.
There were increases and decreases due to covid. Exporters from china declared that in October rose 11.4% over a year earlier to $237.2 billion, up from September’s 9.9% gain, customs data showed Saturday. Imports rose 4.7% by value to $178.7 billion. From the previous month’s 13.2% surge. The early opening of the second-largest global economy and mandate for masks and other anti-covid supplies from which exporters from China benefited a lot. They had taken market share from foreign competitors.
This year the only major economy is China, while in the United States, Europe, and Japan shrink. The 27-nation European Union fell 21% in October to $22.7 billion. Imports of European goods sank 20.4% to $33.6 billion. China’s surplus with the EU widened by 149% over a year ago to $33.3 billion.