China's trade balance for October, in Yuan terms, came in at CNY 233.63bn versus CNY 237bn expected and CNY 213.23bn last. Exports came at +20.1% y/y vs. +12.0% expected and +17.0% last, while imports were +26.3% y/y vs. +14.0% expected and +17.4% last. Analysts at Nomura expected, “export growth to moderate, but remain relatively solid at 13.0% y-o-y in October after higher-than-expected growth in September. Import growth is likely to slow more visibly.” (full story)

The China customs published trade balance for October in USD terms, reporting a bigger-than-expected trade surplus as imports decline by a big margin. In USD terms, Trade Balance (USD) October came in at 34.01B versus 35.00B expected and 31.70B previous. Exports (YoY) Oct: +15.6% vs. +11.0% expected and +14.5% last. Imports (YoY) Oct: +21.4 % vs. +14.0% expected and +14.3% last. (full story)

China on Thursday reported greater-than-expected exports and imports for the month of October, the country's General Administration of Customs reported. China's overall trade surplus was $34.01 billion for October, lower than the $35 billion economists had expected. Exports denominated in dollars rose 15.6 percent from a year ago in October, exceeded an expected 11 percent growth economists polled by Reuters had forecast. September exports grew 14.5 percent on-year. Dollar-denominated imports meanwhile rose 21.4 percent from a year ago, topping an expected 14 percent. September imports grew 14.3 percent on-year. ... (full story)