China's foreign trade grows 3.6 per cent in first 10 months

China's total goods imports and exports in yuan-denominated terms rose to 37.31 trillion yuan (about $5.27 trillion) in the first IO months of 2025, marking a year-on-year increase of 3.6 per cent, according to official data released on Friday.

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The General Administration of Customs reported that the growth rate slowed from an increase of 4 per cent registered in the first nine months of the year.

In October alone, China's goods imports and exports edged up 0.1 per cent year on year to 3.7 trillion yuan.

Meanwhile China's central bank added gold to its reserves in October for the twelfth straight month, data from the People's Bank of China (PBOC) showed on Friday.

China's gold holdings increased to 74.09 million fine troy ounces at the end of October from 74.06 million in the previous month. That compares with 72.8 million ounces in the same period a year earlier, an 1.88 increase.

The value of its gold holdings was $297.21 billion at the end of last month versus $283.29 billion in September, according to the PBOC.

Spot gold was trading just above $4,000 per ounce on Friday as the safe-haven regained traction amid a weaker dollar, as bets on a December rate cut by the United States Federal Reserve grew. Concerns over a prolonged US government shutdown and uncertainty over the legality of US tariffs also helped to support gold.

Gold set a record at $4,381 per ounce in October.