Decline in Exports and Imports Add Concerns to Chinese Recovery

China’s trade data released over the weekend again disappointed. While trade surplus widened to US$ 61.6B in October from US$60.3B in the prior month, both exports and imports continued to decline from the year-ago basis. Exports plunged -7% y/y to US$192.4B, after dropping -3.8% in September, while imports plummeted -18.9% y/y to US$130.8B…

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Decline in Exports and Imports Add Concerns to Chinese Recovery