China’s exports rose 5.6 per cent year-on-year in October, the government said on Friday, boosting optimism ahead of a weekend policy meeting to reform the world’s second-largest economy.
October exports were valued at 1.14 trillion yuan ($185.4 billion), while imports totalled 0.95 trillion yuan, up 7.6 per cent year-on-year, according to customs data.
The rebound in exports followed a surprise fall of 0.3 per cent in September.
China’s exports for the first 10 months of the year rose 7.8 per cent and imports climbed by 7.3 per cent, the government said.
Leaders of the ruling Communist Party were scheduled to open a four-day meeting on Saturday to discuss major reforms designed to bolster flagging growth and rebalance the economy away from its reliance on exports and investment.
Economic growth slumped to 7.7 per cent last year, the slowest since 1999, and was expected to fall to about 7.6 per cent this year.
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Published on November 8, 2013
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