OREANDA-NEWS According to the results of October, the General Customs Administration of China reported another decrease in foreign trade volumes. The drop for the month was 2.5 percent in annual terms (493.1 billion dollars), and since the beginning of the year — 6 percent, RIA Novosti writes.

For ten months separately, exports fell by 5.6 percent ($2.79 trillion), and imports — by 6.5 percent (2.1 trillion). In October, exports amounted to $274.8 billion (minus 6.4 percent with a forecast of minus 3.3 percent), and imports — $218.3 billion (an increase of 3 percent with a forecast of minus 4.8 percent). An increase in purchases in Europe — plus five percent - is responsible for the unexpected increase in imports. At the same time, imports from the United States decreased by 3.7 percent.

According to the Telegram channel MMI, if these trends continue, there may be some improvement in the economic situation in Europe, which has recently been under pressure due to the low level of export orders, including from China.