China exports, imports soar past expectations in October — surplus narrows sharply

China's exports and imports surged more than expected in October, according to the official data released Monday, while its surplus shrank sharply, undershooting expectations.

Goods exports soared by 35.2% last month from a year earlier, exceeding expectations for a 33.5% jump in a Reuters poll and slowing from a 36.3% jump in September.

Imports climbed by 41.6% last month, customs data showed, jumping from 31% in September and sharply beating estimates for a 32% rise by analysts polled by Reuters.

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