China's Exports Exceed Imports by More Than $1 Trillion

China's exports exceeded imports by $1.04 trillion in the first ten months of the year. The country reached this mark for the second consecutive year, and this year it did so a month earlier than before.

In October, exports rose 35.2% compared to the same period last year. Sales of semiconductors and other high-tech products grew especially fast.

Imports also increased, by 41.6%. Exports are supporting China's economy at a time when domestic demand is weak and problems in the real estate sector persist.

At the same time, the rapid growth of Chinese products in foreign markets is further intensifying trade disputes with the US and the EU.

Source: Reuters