BEIJING, Nov 10 — China’s trade surplus ballooned to more than US$1 trillion (RM4.06 trillion) in October, official data showed today, reaching the milestone even earlier than last year’s record-breaking surge in overseas shipments.
Exports from the world’s second-largest economy have surged in recent months, driven in part by soaring global demand for artificial intelligence-related products including computer chips, data centre servers and networking equipment.
The trade boom has offered Beijing a key economic lifeline as domestic activity is weighed by longstanding woes in the once-roaring property sector.
Exports jumped 35.2 per cent year-on-year to US$412.3 billion last month, according to the General Administration of Customs, while imports in October expanded 41.6 per cent to US$307.1 billion.
