BEIJING — China”s international goods and services trade surplus stood at 295.9 billion yuan ($46 billion) in September, official data shows.
The country’s trade income amounted to approximately 2.1 trillion yuan, and expenditure stood at about 1.8 trillion yuan, according to data released by the State Administration of Foreign Exchange.
China’s goods trade income came in at 1.89 trillion yuan with an expenditure of 1.52 trillion yuan, leading to a surplus of 368.2 billion yuan, the data shows.
The services trade saw a deficit of 72.3 billion yuan, with the sector’s income and expenditure standing at 207.2 billion yuan and 279.6 billion yuan, respectively.
The many different trade and aid policies being pursued by China globally have been heavily criticised but can developing countries become more independent or will China’s policy reform?