China’s BOT falls short of expectations

China’s BOT falls short of expectations
Exports recorded a 6.9% year-on-year increase

Mubasher: China’s balance of trade (BOT) surplus increased to CNY 254 billion ($38.2 billion) in October, compared to CNY 193 billion ($28.5 billion) in September, according to China’s General Administration of Customs (GAC).  

Earlier in 2017, analysts expected that China’s BOT surplus would grow to CNY 275 billion.

Exports recorded a 6.9% year-on-year increase, while imports surged 17.2%, GAC reported.

The surplus in China’s BOT with the United States dropped to $26.62 billion in October versus $28.08 billion in September. 

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Source: Mubasher

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