China’s October exports and imports beat forecasts as the trade surplus narrows sharply
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Official data released Monday show exports up 35.2% year on year in October, above Reuters’ 33.5% forecast and easing from 36.3% in September. Imports rose 41.6%, beating a 32% poll estimate and accelerating from 31% in September. The surplus fell to $105.3 billion, the lowest since April; the year-to-date surplus is $1.04 trillion. Strong chip and AI hardware demand drove exports; retail sales grew only 1.1% in September.
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