Chinese Unbalancing: Record Trade Surplus in October

The quick summary of China's trade data: more of the same. There was some improvement and deterioration with trade partners and various goods alike, but the rising trade surplus shows things are still trending in the wrong direction.

Yahoo: Record China trade surplus highlights struggle to boost demand
Imports fell 18.8 percent compared to a year ago to $130.77 billion, the 12th consecutive monthly drop in imports, following a 20.4 percent decrease in September, according to customs figures.

Exports, too, continued their losing streak from July, dropping by 6.9 percent year-on-year in October to $192.41 billion as foreign demand languished.

That set the trade surplus at $61.64 billion, a 36 percent increase compared to the same period in 2014 and the highest such figure since at least 1995, the earliest data held on record by Bloomberg News.
Some of this is price related, with the yoy change in import volumes rebounding for autos, copper and alumnimum, but slipping for oil over the past couple of months.

China Customs: 今年前10个月我国进出口总值19.93万亿元

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