Last week China reported that exports and imports for the month of October exceeded forecasts. China recorded a trade surplus of $31.78 billion with the U.S. in October. The country’s cumulative trade surplus with the U.S. in the first 10 months of the year was $258.15 billion.
The overall trade surplus for October was $34.01 billion, lower than the $35 billion economists had expected.
Exports in dollars rose 15.6 percent from a year ago in October, exceeding an expected 11 percent growth. September exports grew 14.5 percent compared with the previous year.