Economy and macroUpdated Yesterday

China’s October trade surplus falls to a six-month low

October’s monthly surplus fell to $104.5 billion from $133.5 billion in September, its lowest in six months, according to China’s General Administration of Customs data reported by Forbes Middle East. The drop came partly as imports rose 41.6% year over year, their strongest growth since May 2021, driven mainly by demand for tech-related goods, critical minerals such as copper, and energy supplies. Exports still rose 35.2% year over year, though that was down from September’s 36.3%. The monthly dip sits alongside a January–October surplus of $1.043 trillion; that is not a finalized full-year total.

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