A stronger-than-expected rebound in China’s exports last month added to a run of indicators suggesting the economy has found its footing just as Beijing prepares to lay out its reform agenda for the next decade.
Improving demand from the United States and Europe lifted exports and helped reinforce the view that China has regained some momentum since the middle of the year after a protracted slowdown.
Exports increased 5.6% from October last year, recovering from a 0.3% fall in September.
Last month’s rebound was driven by top trading partner the US and a sharp turnaround in demand from the European Union, where export growth jumped to 12.7%
The trade surplus stands at USD31.1 billion.
~ SCMP, November 9, 2013 ~