China trade surplus expands to USD 45.41 bn in October

China recorded a better-than-expected trade surplus of USD 45.41 billion in October, expanding 46.3 percent from the same month last year, the General Administration of Customs said on today.
Exports jumped 11.6 percent year-on-year to USD 206.87 billion in October, while imports rose 4.6 percent to USD 161.46 billion, it said.
The trade surplus last month exceeded market expectations for a USD 42.3 billion surplus, according to a survey of 11 economists polled by The Wall Street Journal.
October's surplus also widened from the USD 31.0 billion recorded in September, though it was off the record USD 49.8 billion recorded in August, previous figures showed.

Export growth slowed in October from a 15.3 per cent year-on-year rise in September, in what could be a worrisome sign for the world's second largest economy. Exports are a key engine of China's economic growth, which has faltered this year.
Import growth remained weak in October, slowing from 7.0 in September.

China's economy grew an annual 7.3 per cent in the third quarter, the slowest in more than five years since the global crisis struck in early 2009.
The country's economy has been hit by a deflating property bubble as well as a government crackdown on corruption and weak demand from Europe.

The government has set an economic growth target of around 7.5 percent for this year.