China’s Imports and Exports Increase

China’s exports rose 5.6 percent in October from a year earlier while imports advanced 7.6 percent, resulting in a $31.1 billion trade surplus, the General Administration of Customs said today in Beijing.

Shipments abroad compared with the median estimate for a 1.7 percent increase in a Bloomberg News survey of 44 analysts and September’s unexpected 0.3 percent drop. Forecasts ranged from a decline of 2.2 percent to growth of 8 percent.

The increase in imports compares with the median estimate for a 7.4 percent gain and a 7.4 percent increase in September. Economist projections ranged from growth of 4.5 percent to 11.5 percent.

Bloomberg

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