China’s Oct exports to Russia continue to grow at double-digit pace

Economy

China’s exports to Russia held up well in October, China’s customs data showed on Tuesday, bucking the trend of weakening demand for Chinese manufactured goods elsewhere.

Chinese shipments to Russia rose 17% to $8.69 billion in October from a year earlier, Reuters calculations based on customs data showed. Although the pace of growth slowed from the 21% gain in September, it was in contrast to a 6.4% decline in China’s overall exports last month.

Imports from Russia rose 9% to $11.11 billion last month after growing 8% in August.

The Chinese customs agency did not give a breakdown of imports and exports by both country and product in the data on Tuesday.

 

Source: Zawya

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