China's Trade Balance for September, in Chinese Yuan terms, came in at CNY558.74 billion versus expectations of CNY510 billion and CNY488 billion previous. Exports dropped 0.6% YoY in September vs. -3.2% seen in August. The country’s imports declined 0.8% YoY in the reported month vs. -1.6% prior. In US Dollar terms, China’s trade surplus shrunk more than expected in September. Trade Balance came in at +77.71B versus +70B expected and +68.36B previous. Exports (YoY): -6.2% vs. -8.3% exp. and -8.8% previous. Imports (YoY): -6.2% vs. -6.0% exp. and -7.3% last. Additional takeaways: China Jan-Sept Yuan-denominated ... (full story)