BEIJING (Alliance News) – China’s imports and exports performed better than expected in October, according to data released by its customs department on Thursday, despite the fact the country is fighting a protracted trade war with the US.
China’s exports in October were up 16% from the same time last year, reaching USD217.28 billion, according to government figures. Imports meanwhile grew 21% to USD183.27 billion.
While the US has imposed tariffs on half of all Chinese goods since the trade war began in July, the impact has been offset by a decline in the yuan against the dollar, which dipped sharply twice in the past month. Global demand also continues for goods produced in China.
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