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ECONOMY
THIS WEEK> THIS WEEK NO. 47, 2014> ECONOMY
UPDATED: November 15, 2014 NO. 47 NOVEMBER 20, 2014
Surging Exports
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China's exports rose 11.6 percent year on year to hit $206.87 billion in October, data from the General Administration of Customs showed on November 8.

The October growth rate has decelerated compared to September's 15.3 percent, which was the fastest growth rate in 19 months.

Imports in October stood at $161.46 billion, up 4.6 percent.

Total exports and imports rose 8.4 percent to $368.33 billion in October, as trade surplus expanded to $45.41 billion, up 46.3 percent.

In the first 10 months of this year, China's total exports and imports hit $3.53 trillion, up 3.8 percent. Trade surplus during the period stood at $277.11 billion, up 38.5 percent year on year.

During the January-October period, trade with the European Union, China's largest trading partner, saw the fastest growth of 9.8 percent, amounting to $509.23 billion.

Trade with the United States, China's second largest trading partner, came in at $453.74 billion, up 5.5 percent. China-ASEAN trade went up 7.4 percent to $391.72 billion.

In contrast, trade between the Chinese mainland and Hong Kong fell 10.1 percent to $297.05 billion in the first 10 months, while trade with Japan fell 0.1 percent to $259.51 billion.



 
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