China’s Oct trade data (Yuan terms): Downbeat across all indicators

China's trade balance for October, in Yuan terms, came in at CNY+254.47 bn vs +280.45 bn expected and +193.00 bn last. Exports came at 6.1% y/y vs 7.0% expected and 9.0% last, while imports were +15.9% y/y vs 17.5% expected and 19.5% last.

Meanwhile, China’s export and import data for the January - October period showed exports at +11.7% y/y. while Imports climbed +21.5% y/y.