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China Exports Bolster Economy as External Demand Strengthens
China’s exports rose more than estimated in October, helping sustain the world’s second-largest economy as it heads for the slowest full-year expansion in a generation. Overseas shipments increased 11.6 percent from a year earlier, exceeding the 10.6 percent median estimate in a Bloomberg News survey of analysts. Imports rose 4.6 percent, compared with projections of 5 percent, leaving a trade surplus of $45.41 billion, data from the Beijing-based customs administration today showed. Recoveries in the U.S. and Europe are underpinning China’s growth. September trade data revived concerns of fake invoicing used ... (full story)
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