China Trade Data Mixed in October; Exports and Imports Beat Forecasts But Trade Deficit Widens
• Exports rose 8.0% year-on-year in October, less than the 9.3% forecast
• Imports rose 10.2% year-on-year, beating the 6% forecast
• Trade deficit was $0.83 billion in October, versus a forecast surplus of $0.53 billion
• In January-October, exports fell 2.7% and imports dropped 4.6%
• Trade deficit stands at $6.67 billion for the first 10 months