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.
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