For­eign trade falls 0.6% in Oc­to­ber

China Daily (Canada) - - NEWS CAPSULE -

As both ex­ports and im­ports failed to meet early fore­casts, China for­eign trade de­creased to 2.05 tril­lion yuan ($307.2 bil­lion) in Oc­to­ber, down 0.6 per­cent from the same pe­riod last year, Cus­toms data showed on Tues­day.

China’s ex­ports de­clined 3.2 per­cent year-on-year to 1.19 tril­lion yuan in Oc­to­ber, the sev­enth straight month of de­cline, and im­ports in­creased by 3.2 per­cent, ac­cord­ing to the Gen­eral Ad­min­is­tra­tion of Cus­toms.

Data showed the for­eign trade sur­plus nar­rowed to 325.25 bil­lion yuan in Oc­to­ber, down 16.8 per­cent from last Oc­to­ber.

The lead­ing in­dex for China’s ex­ports shrank to 35.6 from 35.8 a month ear­lier, the first month-on-month de­cline since the past three months.

In the first 10 months of this year, China im­ported more com­modi­ties at cheaper prices.

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