China’s exports last October fell by 6.4% year-on-year, surpassing average expectations from analysts predicting a decline of 3.5% in a Bloomberg poll.
Imports rebounded surprisingly by 3%, while average estimates weighted a 5% year-on-year decline, with the trade surplus reaching $56.53 billion.
Investors are mindful of the sustainability of China’s economic recovery.
Although China’s economic data have improved in recent months, the recovery remains weak amid declining consumer and corporate confidence.
Economic data for October indicated weak manufacturing and service sectors. Consumer prices are likely to contract again over the past month, according to official statistics expected this week.
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