China Exports, Imports Remain Resilient in October
Growth in China’s imports remained resilient in October, suggesting demand in the world’s second-largest economy is being sustained in spite of the government’s campaigns to cool the housing market and curb industrial production to reduce pollution.
Inbound shipments rose by 17.2% year-on-year in October to $151 billion, the General Administration of Customs said Wednesday. Although that’s down from an 18.6% pace in September, it compares with a drop of 1.6% in the same period last year.
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