China exports stay brisk as annual trade surplus tops $1tn

October imports jump 42% to 5-year high on Mideast crude oil and higher chip prices People visit the Hemani booth at an import exhibition in Shanghai on Nov. 5. China has sought to diversify trade amid tension with key trading partners. © Reuters HONG KONG — China's export machine continued to hum in October, with the cumulative trade surplus for the year surpassing $1 trillion, while Beijing seeks to defuse tensions with major trading partners.

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