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China trade surplus with US widens to record $34.1 billion


BEIJING: China’s trade surplus with the United States widened to a record $34.1 billion in September as exports to the U.S. market rose by 13 percent over a year earlier despite a worsening tariff war.

Customs data on Friday showed growth in Chinese imports of U.S. goods decelerated to 9 percent over a year earlier.

Washington and Beijing have raised tariffs on billions of dollars of each other’s goods in a fight over American complaints about Chinese technology policy.

Overall, China’s global exports rose 14.5 percent over a year earlier, up from August’s 12.2 percent growth. Imports grew 14.3 percent, down from 20.9 percent.

Source: Economic Times