China's imports, exports drop 10.7% in Oct.
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China's imports and exports fell 10.7 percent in October year on year, but monthly exports exceeded US$100 billion? for a fourth straight month this year, the General Administration of Customs announced Wednesday.
Imports stood at US$86.8 billion for October, a decrease of 6.4 percent compared with the same month last year; exports dropped 13.8 percent to US$110.8 billion.
From January to October, the country's imports and exports totalled US$1.76 trillion, down 19.9 percent compared with the same period last year.
Imports for the first 10 months were US$798.13 billion, down 19 percent year on year; exports declined 20.5 percent to US$957.36 billion.
The trade surplus for the first 10 months was down 27.2 percent at 159.23 billion U.S. dollars.
The EU was China's biggest trading partner for this period, though bilateral trade declined 18.7 percent to US$292.42 billion in value; the U.S. was second with bilateral trade at US$239.36 billion, down 14.9 percent; Japan followed with bilateral trade down 19.3 percent at US$182.34 billion.
