China October Exports Up 11.6% Year/Year, Above Forecast
(Reuters) - China's exports rose an above-forecast 11.6 percent in October from a year earlier, while imports rose 4.6 percent, leaving the country with a trade surplus of $45.4 billion for the month, the General Administration of Customs said on Saturday.
The figures compared with market expectations in a Reuters poll of a 10.6 percent rise in exports, a 5.5 percent increase in imports and a trade surplus of $42 billion.
September's surprisingly strong export growth of 15.3 percent led some analysts to question the accuracy of the official numbers amid signs a resurgence of speculative currency flows through inflated trade receipts.
Annual growth in the world's second-largest economy slowed to 7.3 percent in the third quarter - the weakest since the height of the global financial crisis - as a cooling property sector weighs on domestic demand.
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