Arab Today, arab today october foreign trade slows surplus continues to fall
Last Updated : GMT 09:09:51
Arab Today, arab today
Arab Today, arab today

October foreign trade slows; surplus continues to fall

Arab Today, arab today

Arab Today, arab today October foreign trade slows; surplus continues to fall

Beijing - Xinhua

China\'s imports and exports in October both dropped from September, as uncertainties in the United States and Europe have slashed external demand, the General Administration of Customs (GAC) said Thursday. China\'s foreign trade in October fell 8.3 percent from September to 297.95 billion U.S. dollars, but still rose 21.6 percent year-on-year, according to GAC data. October exports weakened 7.2 percent month-on-month to 157.49 billion U.S. dollars, while imports dropped 9.5 percent month-on-month to 140.46 billion U.S. dollars. The October trade surplus fell 36.5 percent year-on-year to 17.03 billion U.S. dollars, far below the expected 25.8 billion U.S. dollars in the market. \"The weakening of export growth in October turned out to be exactly as I expected,\" said Zhang Yansheng, director of the Institute for International Economics Research of the National Development and Reform Commission, China\'s top economic planner. \"What we\'re facing now is a grave situation for exports and slowdown is inevitable in the third and fourth quarters,\" Zhang said, blaming shrinking external demand, rising costs, liquidity strains and an appreciating yuan. EU REMAINS TOP TRADER GAC data showed China\'s foreign trade with its major trading partners -- the European Union (EU), the United States and Japan -- slowed this year, compared to stronger growth in foreign trade with emerging economies. Despite the lingering debt crisis in Europe, the EU remained China\'s top trading partner during the January-October period, with trade amounting to 466.94 billion U.S. dollars, up 20.2 percent year-on-year. China\'s trade with the United States increased 16.8 percent from a year ago to 363.03 billion U.S. dollars. Zhang warned Europe and the United States are increasing trade protection measures against China. He cited the latest anti-dumping and counter-vailing investigation into Chinese exports of solar panels by the United States. A free trade area arrangement between China and the Association of Southeast Asian Nations (ASEAN) helped boost China-ASEAN trade by 25.7 percent year-on-year to 295.91 billion U.S. dollars during the period. China reported a trade deficit of 21.17 billion U.S. dollars with ASEAN, up 59.2 percent from a year ago. The nation exchanged goods and services worth 281.61 billion U.S. dollars with Japan in the first 10 months, a year-on-year increase of 17.7 percent. Trade with Australia, Brazil, Russia and South Africa grew much faster than average, increasing by 34.6 percent, 37.4 percent, 43.8 percent and 87 percent, respectively. During the January-October period, the country\'s trade surplus narrowed by 15.4 percent year-on-year to 124.02 billion U.S. dollars.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today october foreign trade slows surplus continues to fall Arab Today, arab today october foreign trade slows surplus continues to fall

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today october foreign trade slows surplus continues to fall Arab Today, arab today october foreign trade slows surplus continues to fall

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday