China's October trade data beats forecasts
China's October exports and imports rose sharply year on year, with a large trade surplus, while commodity import volumes were mixed.
What we know
Market news accounts report October exports up 35.2% and imports up 41.6% in dollar terms, versus estimates of 36.3% and 33.9%. The trade surplus was reported at 712.78 billion yuan. Iron ore imports fell to 105.66 million tonnes from 109.82 million in September, while crude imports rose to 41.94 million tonnes.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.