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ECONOMY
THIS WEEK> THIS WEEK NO. 47, 2013> ECONOMY
UPDATED: November 19, 2013 NO. 47 NOVEMBER 21, 2013
Exports Up
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China's exports reversed their decline and rose 5.6 percent year on year in October to 1.14 trillion yuan ($185.4 billion), according to the General Administration of Customs.

The country's exports fell 0.3 percent in September from a year earlier, ending two consecutive months of rises.

Imports rose 7.6 percent in October from a year ago, accelerating from September's 7.4-percent up.

This left the country with a trade surplus of 192.38 billion yuan ($31.1 billion) in October, down 3.3 percent year on year.

In the first 10 months of 2013, exports and imports gained 7.6 percent from a year earlier, with the trade surplus growing 12 percent year on year to 1.25 trillion yuan ($200.46 billion).

Trade with the European Union, the nation's largest trade partner, climbed 0.5 percent year on year during the January-October period, compared with a 0.8-percent decrease registered in the first nine months.

Trade with the United States, China's second largest trade partner, rose 6.9 percent in the first 10 months, while that with Association of Southeast Asian Nations (ASEAN) members increased 10.9 percent. Trade with Japan, however, declined 7 percent.



 
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