China's imports and exports declined less than expected, with exports actually growing instead of shrinking compared to the same period last year. In October China's trade balance was $US42.8 billion, which is above the five-year average of $US36.9 billion.
Exports were expected to shrink by -3.9 per cent as US tariffs impacted the attractive prices of Chinese made goods, but instead exports contracted by only -0.9 per cent.
And imports were expected to decrease -7.8 per cent, but decreased by -6.4 per cent, an improvement on the September figures of -8.5 per cent.
Stock markets have not reacted with the ASX and Hang Seng still lower by 0.2 per cent and 0.3 per cent respectively, but the Shanghai Composite is still positive although it has softened by 0.2 per cent since the data was released.
TWE Price at posting:
$17.74 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)