According to rttnews, China’s exports declined more-than-expected in October as seen in previous months, leaving the economy to rely on domestic demand and vulnerable property investment to attain a moderate growth.
Exports decreased 7.3 percent in October from the a year ago, data from the General Administration of Customs revealed Tuesday. Shipments were forecast to drop 6 percent after a 10 percent fall in September.
Imports fell 1.4 percent annually, bigger than the expected decrease of 1 percent, but smaller than the 1.9 percent drop registered in September.
Consequently, the trade surplus rose to $49.1 billion in October from $41.99 billion in September. But the surplus was below the expected level of $51.7 billion
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