Chinese steel exports soar by 15.6%, imports hike by 21.4% in Oct
According to the statistics, Chinese steel exports and imports soared by 15.6% and 21.4% separately in October, compared with the previous year.
Chinese exports were affected obviously by the US tariffs, furthermore the economy went soft. The government promised to support local industries and focused more on such as hiking the tax discount among exports. It brought the result on both imports and exports growing significantly in October which were higher than the prediction by analysts.
The trade surplus in China came to about US$34.01 billion this October.
