China’s trade surplus grew to another record last month as the country’s exporters continued to show greater than expected resilience in the face of a global slowdown.
The politically sensitive trade surplus, which already stood at record levels in September, grew a further 20 per cent last month to $35.2bn after a modest reduction in the growth rate of exports was accompanied by a sharper drop in import growth.
The government also released further evidence yesterday of slowing domestic demand, including another drop in house prices and further softening in consumer price inflation.
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