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Beijing releases imports, exports data

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Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019.

Reuters

China’s exports and imports declined in October, Reuters reported citing data from the country’s customs.

In dollar terms, exports fell 0.9% while imports fell 6.4% from a year ago in October, but beat analysts’ forecasts.

Trade balance for October was $42.81 billion, compared to analyst forecasts of $40.83 billion.

Economists polled by Reuters had expected October exports to fall 3.9% and imports to fall 8.9% from a year earlier.

In September, China’s imports and exports fell more than expected with exports falling 3.2% in September from a year ago, while imports dropped 8.5%…



Source cnbc.com

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