China’s export engine finally sputters
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China’s General Administration of Customs released trade data for October on Monday. The headlines:
Exports fell 0.3% y/y in dollar terms in October, down from 5.7% y/y growth in September. Imports dropped by 0.7% y/y, versus 0.3% y/y growth in September. The trade surplus was USD 85.15 billion, co...