China's imports unexpectedly grow in Oct, exports extend declines
© Reuters. An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone. China Daily via REUTERS/File PhotoBEIJING - China's imports unexpectedly grew in October while exports contracted at a quicker pace, in a mixed set of indicators that showed the recovery in the world's second-largest economy remains uneven.
Recent indicators suggest policy measures introduced since June are helping bolster a tentative recovery, although a protracted property crisis and soft global demand remain major headwinds., a bellwether gauge of global trade, hit its lowest since December 2020 in October, due to congestion in North American and European ports.
China posted a trade surplus of $56.53 billion in October, compared with a $82.00 billion surplus expected in the poll and $77.71 billion in September.
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