Chinese exports reversed their decline in
September and rose 5.6% year on year in October to 1.14tn yuan
(US$185.4bn), customs data showed on Friday. The monthly trade surplus doubled.
The country's exports had fallen 0.3% in
September from a year earlier, ending two consecutive months of rises, according
to the General Administration of Customs.
Imports rose 7.6% last month from a year ago,
accelerating from September's 7.4% rise, the figures showed.
This left the country with a trade surplus of
$192.38bn yuan in October, down 3.3% year on year. China's trade surplus at
$31.1bn in October rose from $15.2bn the previous month.
The Wall Street Journal says that the news from
China follows reports of a strong October performance from South Korea's
exports, up 7.3% from a year earlier, and suggests the recovery in the US and
elsewhere, though slow, is feeding through into increased demand for Asia's
export machine.
China's exports to the European Union were up
12.7% from a year earlier, while shipments to the US gained 8.1%. Exports
to Association of Southeast Asian Nations (ASEAN) members increased 10.9%.
However, exports to Japan fell amidst continuing political tensions and a
weakening of the Japanese yen.
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