Mubasher: China on Thursday reported that its overall trade surplus denominated in US dollars totalled $34.01 billion in October, compared with $31.69 billion in September.

China’s exports denominated in dollars rose 15.6% year-on-year last October, compared with an annual rise of 14.5% in the previous month, the country’s General Administration of Customs said.

Meanwhile, China saw its imports surging 21.4% on year in October, compared with a gain of 14.3% in September.

The politically sensitive trade surplus with the US came in at $31.78 billion in October, falling from a record of $34.13 billion in the prior month.

Moreover, China’s cumulative trade surplus with the US during the first 10 months of this year was $258.15 billion, compared with $222.98 billion in the same months of the previous year.

Data pertaining Chinese economy is being closely monitored amid an escalating trade dispute with the US.

However, economic data showed that the world’s second largest economy has to some extent held up until now.

While analysts cited exporters rushing to increase orders before the tariffs kick in, they expect figures to show stress in the months ahead.

Chinese exports are ramped up by robust growth worldwide and in the US, economist Andy Xie told CNBC.

Even with more US tariffs on Chinese imports, a steep fall in the Chinese yuan (CNY) would offset the impact, Xie said.

By 8:53 am GMT, the yuan dipped 0.18% against the US dollar to CNY 6.9310.