Imports from Germany have fallen significantly.
(Photo: AP)
Beijing China’s exports rose 27.2 percent year-on-year in October to a total of 300.2 billion dollars (259.3 billion euros), according to official customs data. This exceeded the expectations of the analysts surveyed by Reuters. They had expected an increase of 24.5 percent.
In the previous month, Chinese exports had increased by 28.1 percent. This is the 13th month in a row that China’s economy has achieved double-digit percentage increases in exports.
At the same time, China’s imports rose by 20.6 percent in October. Analysts had predicted an increase of 25 percent.
China recorded a trade surplus of $ 84.54 billion in October. Analysts had expected a surplus of 65.55 billion dollars. In September, China had a trade surplus of $ 66.76 billion.
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In October, China also continued to buy remarkably little from Germany. The imports of the People’s Republic from Germany fell by 5.1 percent in October compared to the same period in the previous year. China’s exports to Germany, on the other hand, grew significantly with an increase of 42.5 percent.
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