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China's trade surplus soars past $1 trillion, October exports jump 35.2% y/y

Reuters
China's trade surplus soars past $1 trillion, October exports jump 35.2% y/y

BEIJING, Nov ‌10 (Reuters) - China's exports rose 35.2% ​in ‌October from the same ‌month last year in US dollar ‌terms, extending a boom in AI-related shipments, and lifting the country's ⁠trade surplus to ‌over $1 trillion ⁠for a second straight ​year, customs data showed on Tuesday.

Economists ​polled by Reuters ​had ‌expected exports to ​rise 33.5% ⁠year-on-year after surging ‌36.3% in ​September.

Imports grew ​41.6%, beating median forecast for a 32% increase in the ‌Reuters poll and accelerating from the ‌31% ​growth in September.

(Reporting by Yukun Zhang and Ryan Woo; Editing ‌by Christian Schmollinger)