[Economy]

China foreign trade expands 4.6% in October

by Shine
November 7, 2020
Share Article:

China's foreign trade expanded 4.6 percent year on year in October, official data showed on Saturday.

Exports jumped 7.6 percent year on year while imports climbed 0.9 percent in yuan terms, the General Administration of Customs said.

In the first 10 months, China's foreign trade of goods totaled 25.95 trillion yuan (US$3.91 trillion), up 1.1 percent year on year, accelerating from an increase of 0.7-percent in the first three quarters, the GAC said in a statement.

The Association of Southeast Asian Nations remained China's largest trading partner during the period, followed by the European Union and the United States.

Private companies played a significant role in propelling trade growth, with their foreign trade expanding by 10.5 percent in the first 10 months to account for 46.2 percent of the country's total, GAC data showed.

Share Article:
ADVERTISEMENT
IRE
Advertisement 2

In Case You Missed It...

Global Firms Hail CIIE for Unlocking Huge Domestic Opportunities
FEATURED
[ECONOMY]
Global Firms Hail CIIE for Unlocking Huge Domestic Opportunities
@ Ding YiningLineNov 5, 2025
CIIE Acts As a Stabilizer that Facilitates Smooth Trade Flow
[Economy]
CIIE Acts As a Stabilizer that Facilitates Smooth Trade Flow
The China International Import Expo in Shanghai intends to reinforce China's commitment to opening its markets and promoting trade and investment in the world.
Shanghai's HQ Economy Booms as More MNCs Set Up Regional Hubs
[Economy]
Shanghai's HQ Economy Booms as More MNCs Set Up Regional Hubs
Shanghai's headquarters economy is booming, with more multinational companies setting up regional hubs in the city.
China Keeps Powering Ahead, with Investors in Its Slipstream
[Economy]
China Keeps Powering Ahead, with Investors in Its Slipstream
Technology prowess and a goal of quality-over-quantity production are propelling Chinese economy and opening new markets abroad.