China – Oct External Trade
08/11/2018 03:25 pm MYT
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In Oct, exports jumped 20.1%, year-on-year, to RMB1.49 trillion, while imports jumped 26.3% to RMB1.26 trillion, giving rise to a trade surplus of RMB233.63 bln – see figure 1. In Jan-Oct 2018, exports and imports rose by 7.9% and 15.5% respectively from a year ago to RMB13.36 trillion and RMB11.70 trillion, giving rise to a trade surplus of RMB1.66 trillion.



Despite Trump’s tariff spree, China recorded the strongest export growth in over a year in Oct. Exports rose in most export destinations, including to the US. Notably, exports to countries along the Belt and Road Initiative have been growing strongly. On the other hand, import growth was driven mainly by higher imports of natural gas and petroleum products.

Note from Publisher
More than 1,000 people attended the 2018/2019 Global Investor Week last weekend. For those who participated in the entire programme, it was not only a fruitful and enjoyable weekend, but a memorable one too. For the past one week, we have been receiving thank you messages from participants. Some thanked us for organising such a wonderful event as they have gained tremendous insights and benefited immensely from the talks given by the various experts. Some expressed appreciation for the hard work we put in over the weekend. Others conveyed their gratitude for the wonderful time they had during the Appreciation Concert. We are greatly encouraged and touched by the gracious messages from the participants of the 2018/2019 Global Investor Week. They provided us with greater motivation to organize an even more productive Global Investor Week next year. We thank everyone for their continued support as we continue our Antarctica journey.

Meanwhile, the Chinese economy appears to have bottomed out, removing a major worry of the global economy. Given that China contributed to about 30% of the global economic growth, a strong Chinese economy is extremely important to global stability as it will pull up many economies, including Malaysia.
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