China's Oct export growth 5-mth high, trade surplus swells
Published on Nov 10, 2012 3:14 PM
BEIJING (REUTERS) - China's trade surplus ballooned to its biggest in 45 months in October as export growth darted to a five-month high above 11 percent, surpassing expectations and adding to other data that suggest a less urgent need for new economic stimulus measures.
The figures provided further signs for the country's top policymakers meeting in Beijing to anoint new leaders for the coming decade that a long slide in economic growth may be over.
Still, the trade figures do not point to a swift recovery either.
Analysts said exports may have been amplified by a weak year-earlier month and one-off orders from customers for Christmas.
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