China’s export growth surged in October to the fastest in more than two years, extending a months-long run of resilience that helped sustain the economy before a barrage of stimulus measures aimed at shoring up domestic demand.
Exports rose 12.7% in dollar terms from a year earlier and imports fell 2.3%, the customs administration said Thursday. The median forecasts of economists surveyed by Bloomberg were for exports to rise 5% and a 2% drop in imports. The trade surplus in October came to $95.7 billion, the third-highest month on record.
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