China just delivered another solid trade report

Photo: Feng Li/Getty Images.

Chinese trade data remains solid if not spectacular.

According to China’s General Administration of Customs, exports grew by 6.9% in US dollar terms in the year to October, down marginally on the 8.1% level of September and forecasts for a smaller decline to 7.2%.

In comparison, imports came in ahead of expectations, lifting by 17.2% over the year in USD-denominated terms. While below the 18.7% level of September, that was above the 16.0% level forecast by economists.

In yuan denominated-terms, exports and imports grew by 6.1% and 15.9% respectively over the year.

The yuan rose by 2.1% against the US dollar in the 12 months to October.

The trade surplus swelled to $US38.17 billion, up from $US28.47 billion in September but below the $US39.5 billion level expected.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.