Beijing, Dec 07: China’s monthly trade surplus stood at 23.37 billion US dollars in November, slightly dropping from October’s 23.83 billion US dollars but pushed the aggregate trade surplus to a new record of 157 billion US dollars, latest customs figures showed today.

The November figure has brought the aggregate surplus to a new high of 157 billion us dollars in the first 11 months, a year-on-year increase of 66 billion us dollars.

Preliminary customs figures show that China’s foreign trade volume reached 1.593 trillion US Dollars during January-November period, an increase of 311 billion us dollars, or 24.3 per cent over the same period last year.

Exports reached 875 billion US dollars, up 27.5 per cent, which was 2.2 percentage points lower than the rise in the same period last year. Imports amounted to 718 billion us dollars, up 20.5 per cent, which was 3.4 percentage points higher.

China’s exports have continued to surge this year because the world economy has maintained a steady growth and Chinese products have become more competitive on the international market, Xinhua news agency reported.

It quoted officials with the general administration of customs attributing the accelerating imports to the country’s rapid economic growth. The Chinese government has said it did not pursue a huge trade surplus and taken measures to secure a much healthier and sound foreign trade growth.

The country’s total trade volume is expected to jump 24 per cent to hit an all-time record at 1.758 trillion US dollars this year, with exports reaching 963 billion US dollars, up 27 per cent, and imports being 795 billion US dollars, up 20 per cent.

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