October trade surplus sets new monthly record

October’s trade surplus set a new monthly record of $27.05 billion, up 13.5% from the same month a year ago, the Shanghai Securities News reported, citing figures posted on the General Administration of Customs website Monday. The previous monthly record was $26.9 billion, set in June. September's surplus was $23.91 billion. China's trade surplus for the first 10 months jumped a massive 59% to $212.36 billion, while trading volumes surged 23.5% year-on-year to US$1.76 trillion. However, growth in the trade surplus for the first ten months was 10.2 percentage points slower than for the first nine months.