China trade data for September coming out now - check out the import numbers - MUCH higher than expected.
Which is usually indicative of a strengthening domestic economy.
China trade balance: CNY 254.7bn
- expected CNY 419.5bn, prior was CNY 416.6bn
Exports +8.7%y/y
- expected +10.5%, prior was +11.6%
Imports 11.6% y/y
- expected +1.0%, prior was -0.5%
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And in USD terms
China trade balance: 37bn USD
- expected $ 60bn, prior was $58.9bn
Exports +9.9%
- expected +10.0%, prior +9.5%
Imports +13.2%
- expected +0.4%, prior was -2.1%