China’s October Exports, Imports Drop
China’s October exports declined 7.3 percent, while imports dwindled 1.4 percent compared with preceding year’s figures–both dropped more than what’s expected. According to the General Administration of Customs, China currently has a trade surplus of $49.06 billion for October as a result. Compared against September’s trade surplus of $41.99 billion, their forecast is to have inflated to $51.70 billion. Analysts said that the changes in statistics lead to the recurring slack global demand. Vocabulary: dwindle – to gradually become smaller preceding – existing, happening trade surplus – a situation in which a country sells more to other countries than it buys from other countries forecast – to say…
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