Last October, China recorded a trade surplus of $84.54 billion, while its trade surplus with the United States was over $40 billion.

Chinese customs data released today show that China's exports in October increased 27.1 percent from the same period last year.

This is above analysts' expectations, as they had forecast in an October export increase poll of 24.5 percent after jumping 28.1 percent in September.

In contrast, China's imports last October jumped 20.6 percent, while estimates in the poll indicated that imports would rise 25 percent, against a 17.6 percent increase in September.

Last October, China recorded a trade surplus of $84.54 billion, compared with the survey forecast of a trade surplus of $65.55 billion, up from $66.76 billion in September.

In the first 10 months of the year, the surplus was $ 320.67 billion.

U.S. Trade Representative Catherine Tai pledged in October to exclude some Chinese imports of customs duties, while pressing Beijing against its failure to fulfil some of its commitments in the "Phase 1" trade agreement concluded under the Donald Trump administration.

With regard to China's foreign exchange reserves, data from the People's Bank of China today show that these reserves amounted to $3.218 trillion at the end of October.

China's foreign exchange reserves are also the largest in the world.

China's gold reserves at the end of October reached $110.83 billion, up from $109.18 billion in September, as gold prices rose.