Increase China’s exports

FESCH.TV INFORMIERT:

Beijing: China’s exports remained strong in October, a positive sign for an economy struggling to cope with power shortages and the outbreak of Quaid-19.

Exports totaled $ 300.2 billion, up 27.1 percent from a year earlier, the country’s customs agency said on Sunday. That ratio dropped from a 28.1 percent increase in September, but is still healthy. Imports reached $ 215.7 billion, up 20.6 percent.

Exports and imports are much higher than they were a year ago, when many parts of the world were plagued by the Covid-19 epidemic, but there are widespread concerns that reversal winds are slowing growth. The world’s second-largest economy grew 4.9 percent in the three months to September, down from 7.9 percent in the previous quarter.
China’s trade surplus in October was $ 84.5 billion, up $ 66.8 billion from the previous month, according to the China Customs Agency. Excess surplus with the United States fell to $ 40.7 billion from $ 42 billion in September.
That was $ 25.9 billion in the European Union.
China and the United States have been embroiled in a trade war since the administration of former US President Donald Trump. The United States imposed tariffs on Chinese products, and China retaliated by imposing tariffs on American products. US Trade Representative Katherine Tai said last month that she intended to hold frank talks with her Chinese counterparts over their differences.
China’s economy has been hit by severe government restrictions on Covid-19, which has reduced domestic travel and consumer demand, and power shortages that have reduced factory output. Regulators also deal with indebted real estate developers and slow down the housing market.