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China's Trade Surplus Passes $1 Trillion as Technology Exports Surge
China's Trade Surplus Passes $1 Trillion as Technology Exports Surge
China recorded a trade surplus above $1 trillion for a second consecutive year, supported by strong exports of electronics, vehicles and other advanced manufactured products. October imports also rose as crude-oil shipments from the Gulf recovered.
China recorded a trade surplus above $1 trillion for a second consecutive year, supported by strong exports of electronics, vehicles and other advanced manufactured products. October imports also rose as crude-oil shipments from the Gulf recovered.
The export boom is helping China approach its growth target even as household demand remains weak. However, industrial overcapacity, intense price competition and new trade barriers in Europe and the United States create risks for an economy increasingly dependent on foreign buyers.
(P.Davis--TAG)
