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Jan-Oct foreign trade increases 16%

By Zhong Nan in Shanghai | China Daily | Updated: 2018-11-09 08:59

China's foreign trade jumped 16.1 percent year-on-year to $3.84 trillion in the first 10 months of 2018, thanks to emerging momentum for world economic recovery and new domestic policies to boost and stabilize trade and investments, a customs official said on Thursday.

Imports surged 20.3 percent year-on-year to $1.79 trillion between January and October, while exports grew by 12.6 percent to $2.05 trillion, resulting in a trade surplus of $254.2 billion - down 22.3 percent year-on-year, the General Administration of Customs announced.

Li Kuiwen, director-general of the administration's Department of Statistics, said China's imports have maintained relatively rapid growth this year, faster than export growth. The development of imports and exports is more balanced, and the country's door for further opening-up is also widening.

Jan-Oct foreign trade increases 16%

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