“Made in China” a ruined brand? Not so fast. New figures put China’s October trade surplus at $27.05 billion, an all-time monthly high. From the Associated Press:
The General Administration of Customs said in a statement on its Web site that the October figure was up 13.5 percent from the same month a year ago. 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 percent to $212.36 billion. It has boomed this year despite recalls and warnings targeting faulty or tainted Chinese goods ranging from toothpaste to tires to seafood in the United States and other countries. [Full Text]
