China's Oct trade balance lower-than-expected
|China’s trade balance for October, in yuan terms, came in at 325.25bm vs 366.60bn expected and 264.4b last. Exports came -3.2% vs -0.8% expected and -5.6% last, while imports were +3.2% vs 5% expected and 2.2% last.
The release in USD terms will hit the wires within the next hour approximately. The data is a slight negative input for the Aussie, as both exports and imports missed expectations.
China continues to face relatively large difficulties. China has recently emphasized it aims to implement policies to stabilise foreign trade growth. China Customs also said last month that “leading indicators show that pressure on exports is likely to ease in Q4.”
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