Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV
  • Business
  • Automotive
  • Economy
  • Energy
  • Finance
  • Tourism
  • Tech
  • Defense
  • Transportation
  • News Analysis

Chinese exports down but strong, trade surplus tops $80B

by ASSOCIATED PRESS

BEIJING Nov 07, 2021 - 12:39 pm GMT+3
China immigration inspection officers in protective overalls near a container ship at a port in Qingdao in eastern Shandong province, China, Nov. 7, 2021. (AP Photo)
China immigration inspection officers in protective overalls near a container ship at a port in Qingdao in eastern Shandong province, China, Nov. 7, 2021. (AP Photo)
by ASSOCIATED PRESS Nov 07, 2021 12:39 pm
RECOMMENDED
A customer chooses a food item at a grocery shop in the capital Khartoum, Sudan, Jan. 19, 2023. (AFP Photo)

As spiraling economic crisis drags on, Sudanese tighten belts

economic-crisis

China in October posted strong export figures, a positive sign for an economy trying to weather current power shortages and COVID-19 outbreaks.

The country's customs agency said Sunday that exports totaled $300.2 billion, up 27.1% from a year ago. That was down from a 28.1% increase in September but still healthy. Imports came in at $215.7 billion, a 20.6% rise.

Exports and imports are much higher than a year ago, when much of the world was in the throes of the COVID-19 pandemic, but there is widespread concern that economic headwinds are slowing growth. The world’s second-largest economy grew 4.9% in the three months ending in September, down from 7.9% in the previous quarter.

China’s trade surplus in October was $84.5 billion, up from $66.8 billion the previous month, the customs agency said. The surplus with the U.S. was down slightly to $40.7 billion, compared to $42 billion in September. With the EU, it was $25.9 billion.

China and the U.S. are mired in a trade war that dates from the administration of former President Donald Trump. The U.S. imposed tariffs on Chinese products, and China retaliated with tariffs on American ones. U.S. Trade Representative Katherine Tai said last month that she planned frank talks with her Chinese counterparts over their differences.

China’s economy has been buffeted by the government's tough COVID-19-related restrictions – which have depressed domestic travel and consumer demand – and power shortages that have pushed down factory production. Regulators are also cracking down on debt-laden real estate developers, slowing the housing market.

RECOMMENDED
A customer chooses a food item at a grocery shop in the capital Khartoum, Sudan, Jan. 19, 2023. (AFP Photo)

As spiraling economic crisis drags on, Sudanese tighten belts

economic-crisis
  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    chinese exports chinese economy world trade organization us-china trade war
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Swedish Foreign Minister Tobias Billstrom attends a press conference after his meeting with Latvian Foreign Minister Edgars Rinkevics (not pictured) in Riga, Latvia, Jan. 27, 2023. (EPA Photo)

    Türkiye-Sweden talks on NATO bid suspended: FM Billstrom

    TÜRKIYE-SWEDEN-RELATIONS
    Italy's Prime Minister Giorgia Meloni and Libya's Tripoli-based Prime Minister Abdulhamid Dbeibah hold a joint news conference in the Libyan capital, on Jan. 28, 2023. (AFP Photo)

    Italy, Libya ink $8B gas deal during PM Meloni's visit

    Libya

    Erdoğan slams foreign media for perception management pre-elections

    Recep-Tayyip-Erdoğan

    Türkiye issues travel warning for citizens visiting EU countries

    türkiye-eu-relations
    No Image
    Murmuration of migrating starlings grace the skies
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021