China's foreign trade declines further amid slowdown

November 9, 2015 12:46 AM

17 0

China's foreign trade declines further amid slowdown

China's foreign trade dropped nine per cent year on year to 2.06 trillion yuan (USD 325 billion) in October, the eighth consecutive monthly decline as exports and imports registered a sharp decrease in the midst of continued slowdown of the world's second largest economy. Exports dropped 3.6 per cent to 1.23 trillion yuan and imports plunged 16 per cent to 833 billion yuan. The trade surplus surged 40.2 per cent to 393 billion yuan (USD 65.5 billion), the General Administration of Customs said.

In the first 10 months, foreign trade dropped 8.1 per cent year on year to 19.93 trillion yuan. They were separated into 11.5 trillion yuan for exports, down 2 per cent; and 8.47 trillion yuan for imports, down 15.2 per cent. The trade surplus expanded by 75.3 per cent to 2.99 trillion yuan, state-r...

Also read: White Sox trade Chris Sale to Red Sox for Yoan Moncada, three others

Read more

To category page

Loading...