By FxNewsChina – China’s trade surplus with other countries jumped in October while imports and exports also advanced higher. The latest trade surplus numbers increased by over $10 billion in October from September with a surplus of US $27.1 billion following a trade surplus of $16.9 billion in September, according to the state run news agency Xinhua.
The trade balance surpassed economic forecasts that were expecting a surplus of approximately US$25 billion.
October marked the second highest surplus data this year following a surplus of $28.73 billion recorded in July and brought the total 2010 surplus to US $147.77 billion through the first 10 months of the year (-6.7% compared to last year).
Chinese exports rose on an annual basis by 22.9 percent in October from the October 2009 level to a total of US$135.98 billion.
Imports increased at an even faster pace in October with an annual rise by 25.3 percent to a total of US$108.83 billion.
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