(MENAFN - Saudi Press Agency) China's trade surplus widened in October as growth of exports accelerated while that of imports remaining steady, data from the country's customs showed Saturday.
China's exports rose 11.6 percent from one year earlier in October, beating market expectations for a rise of 9 percent and stronger than the 9.9-percent increase registered in September, according to the General Administration of Customs.
According to Xinhua, imports climbed 2.4 percent year on year last month, unchanged from the growth in September.
This resulted in a widening trade surplus of 31.99 billion U.S. dollars in October, compared with 27.67 billion U.S. dollars in September and 26.66 billion U.S. dollars in August.
In the first ten months, the country's foreign trade volume expanded 6.3 percent from the same period of last year, the administration said.
China targets 10 percent growth in total foreign trade this year, a figure which officials concede is going to be hard to achieve.