• By The Financial District

CHINA EXPORTS RISE 4.6% IN OCTOBER; ASEAN STILL TOP TRADING PARTNER

China's foreign trade sustained its upward momentum in October with notable growth and improved structure, official data showed, the Chinese news agency Xinhua reported.      

Foreign trade expanded 4.6 percent year on year in October, with exports jumping 7.6 percent year on year and imports climbing 0.9 percent in yuan terms, the General Administration of Customs (GAC) said in a statement.


In the first 10 months, China's foreign trade of goods totaled 25.95 trillion yuan ($3.91 trillion), up 1.1 percent year on year, accelerating from an increase of 0.7-percent in the first three quarters.


General trade, involving longer production chains and better reflecting the country's manufacturing strength, edged up 2.8 percent during the 10-month period, and took a larger share of the total trade of goods. The Association of Southeast Asian Nations (ASEAN) remained China's largest trading partner during the period, followed by the European Union and the United States.