China exports grow at 5.6% in October

The General Administration of Customs announced on Friday that China’s imports rose 7.6% in October from a year earlier while exports rose by 5.6%, resulting in a US$31.1 billion trade surplus, Bloomberg reported. Analysts median predications were that exports would only see a 1.7% increase and imports would increase by 7.4%. The trade surplus compares with the median forecast for an excess of $24.8 billion and a $15.2 billion surplus in September. Manufacturing and services surveys for China released this month indicate China’s economy is sustaining a recovery seen in the July-September period after a two-quarter slowdown.