The latest official data indicates that China’s trade levels fell short of consensus expectation for October.
Data from China’s General Administration of Customs indicates that its international goods trade totalled 22.52 trillion yuan for the first ten months of the year, for growth of 15.9% compared to the same period in 2016.
Exports saw a year-on-year increase of 11.7% to reach 12.41 trillion yuan, while exports saw a year-on-year rise of 21.5% to hit 10.11 trillion yuan.
The trade surplus narrowed by 17.8% to 2.3 trillion yuan.
For the month for October itself, China’s total international trade was 2.24 trillion yuan, for a year-on-year increase of 10.2%, with exports rising 6.1% to 1.25 trillion yuan, and imports rising 15.9% to 994 billion yuan.
The trade surplus for the month borrowed by 20.3% to 254.47 billion yuan.