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
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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