Trade balance for September China trade balance: 376.2bn CNY surplus expected is CNY 292.4bn prior was CNY 368.03bn Exports -1.1% y/y: expected is -7.4%, prior was --6.1% Imports -17.7% y/y: expected is -16.5%, prior was -14.3% - We'll get the USD terms soon enough, the CNY terms come out well before. - Ugly imports, exports not even close to as bad as expected more to come (full story)