china, dragonChinese trade data remains solid if not spectacular. Feng Li/ Getty Images
  • Trade in China is on the rise.
  • The yuan rose by 2.1% against the US dollar in the 12 months to October.
  • China’s General Administration of Customs says imports have also grown past expectations.

Chinese trade data remains solid if not spectacular.
According to China’s General Administration of Customs, exports grew by 6.9% in US dollar terms in the year to October, down marginally on the 8.1% level of September and forecasts for a smaller decline to 7.2%.
In comparison, imports came in ahead of expectations, lifting by 17.2% over the year in USD-denominated terms. While below the 18.7% level of September, that was above the 16.0% level forecast by economists.
In yuan denominated-terms, exports and imports grew by 6.1% and 15.9% respectively over the year.
The yuan rose by 2.1% against the US dollar in the 12 months to October.
The trade surplus swelled to $38.17 billion, up from $28.47 billion in September but below the $39.5 billion level expected.
Read the original article on Business Insider Australia. Copyright 2017. Follow Business Insider Australia on Twitter.

NOW WATCH: THE BOTTOM LINE: Chipotle's earnings disaster, Amazon's new headquarters, and the unstoppable stock market