China posts record trade surplus in October on galloping exports

China posted a record monthly trade surplus in October as exports surged despite global supply-chain disruptions. Exports rose 27.1 per cent in dollar terms last month from a year earlier to $300.2 billion, the data from the General Administration of Customs showed Sunday. That was the 13th straight month of double digit growth, and exceeded economists’ expectations of a 22.8 per cent gain. Imports increased 20.6 per cent, leaving a trade surplus of $84.54 billion. 

China’s trade growth has remained well above pre-pandemic levels all year. Its exports through October have already surpassed all of 2020. 

The strong trade performance is providing