China's exports boost yearly surplus
Chinese exports increased by 36.3% in September, strengthening expectations of a record trade surplus for the year. The surplus reached $133.5 billion during the month, with imports rising by 31%. High-tech goods such as semiconductors and cars contributed to the growth in shipments, while exports to the United States rose by 39.6%, and to the European Union by 25.3%. These results are expected to increase pressure on partner countries to achieve better trade balance, especially as the European Union announced its intention to reduce its deficit with China, which exceeds a billion euros daily.
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