China’s Exports Increase 11.6% In October

China’s export for October picked up by 11.6% year-on-year to US$206.9 billion, beating market estimates, according to data released by China’s General Administration of Customs.

Imports increased by 4.6% to US$161.5 billion in October, slightly below the market consensus of an increase of 5.0%.

This led to another significant trade surplus of US$45.4 billion, the sixth consecutive months since May.

The robust export growth suggests external demand remained solid, despite some weakness in Europe. Exports could continue to expand at a relatively healthy pace in coming months, and trade surplus will remain at relatively high levels, says a research report by BofA Merrill Lynch.

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