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MNI DATA IMPACT: China Oct Exports Improve, Imports Still weak

     BEIJING (MNI) - China's exports performed better in October although trade
conflicts with the U.S. clouded the global environment and imports were still
weak given depressed domestic spending, the latest data released by the General
Administration of Customs on Friday showed.
     Here are the key points from the press:
     - Exports fell 0.9% y/y to $212.90 billion in October, an improvement on
last month's 3.2% y/y drop, marking the first bounce in recent three months.
Exports in the first ten months contracted 0.2% from last year.
     - Imports dropped for the sixth straight month by 6.4% y/y to $170.12
billion, slower than the 8.5% y/y fall recorded in September. Imports in Jan-Oct
were down 5.1% y/y.
     - The trade surplus expanded to $42.81 billion from $39.65 billion in the
previous month, rounding the year-to-date total to $340.29 billion.
- Exports to the U.S. fell 16.2% y/y following a 21.9% drop in September, while
imports were down 14.4%, recovering from last month's 15.7% y/y fall. Exports to
the EU quickened by 3.1% y/y compared with a 0.1% gain in September. Imports
from the EU were down 13.9% y/y, following September's 6.5% y/y drop. 
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: MAQDS$,MAUDR$,MAUDS$,MDQCB$,M$A$$$,M$Q$$$,M$U$$$,MT$$$$]

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