China’s trade surplus widened to US$27.1 billion in October from $16.88 billion in September as imports slowed and exports shrank month-on-month, the Canadian Press reported. Export values in October rose 22.9% year-on-year, but fell month-on-month to US$135.9 billion from US$144.9 billion in September. But compared with last year exports grew 25.1% in September. Imports in October fell 15% month-on-month to US$108.8 billion, from a record-high US$128.1 billion in September. The increase in China’s trade surplus may add to calls for a quicker appreciation of the renminbi at the upcoming G20 and APEC summits.
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