China’s imports in October fell by 16%, exports by 3.6%

China’s imports in October fell by 16%, exports by 3.6%


Overall, China’s foreign trade in October fell by 9 per cent fall recorded for the eighth successive month. The trade surplus grew by 40.2%.

BEIJING, 8 Nov. Zhanna Manukyan. China’s imports in October in annual terms decreased by 16%, which is better than the September performance, but still demonstrates the slowdown in the Chinese economy.

According to the General administration of customs of China, imports in October, compared with the same period of 2014 decreased by 16% to reach 131,2 billion, which is a better indicator of September, when the fall amounted to 20.4%. Country in October was less to buy copper, coal, steel and aluminium. When this began to buy more oil, but at lower prices than a year ago.

Exports in October decreased by 3.6% compared with 3.7% in September, which was worse than expectations of analysts, who had forecast a drop of 3.2%.

Overall, China’s foreign trade in October fell by 9 per cent fall recorded for the eighth successive month. The trade surplus grew by 40.2%.