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MNI BRIEF: China Oct Exports Grow, Imports Slide

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MNI (MNI(BEIJING)) - China's exports grew 12.7% y/y to USD309.1 billion in October, exceeding the 5.0% y/y consensus and last month's 2.4% y/y increase due to increasing orders before Christmas, according to data released by China Customs on Thursday.

Imports, which amounted to USD213.3 billion, registered a 2.3% y/y drop, dipping further from the consensus of a 2.0% y/y fall and last month's 0.3% y/y increase. Imports increased 1.7% y/y over the Jan-Oct period, while exports increased 5.1%. China’s trade surplus in the first 10 months hit USD785.3 billion, with October contributing USD95.72 billion.

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MNI (MNI(BEIJING)) - China's exports grew 12.7% y/y to USD309.1 billion in October, exceeding the 5.0% y/y consensus and last month's 2.4% y/y increase due to increasing orders before Christmas, according to data released by China Customs on Thursday.

Imports, which amounted to USD213.3 billion, registered a 2.3% y/y drop, dipping further from the consensus of a 2.0% y/y fall and last month's 0.3% y/y increase. Imports increased 1.7% y/y over the Jan-Oct period, while exports increased 5.1%. China’s trade surplus in the first 10 months hit USD785.3 billion, with October contributing USD95.72 billion.

Keep reading...Show less