20101110 1025 Breaking News : China Data

Nov. 10 (Bloomberg) -

- China posted a larger-than-forecast $27.1 billion October trade surplus, a day before Group of 20 leaders including Presidents Barack Obama and Hu Jintao meet in Seoul to tackle global imbalances in spending and capital flows. Exports gained 22.9 percent from a year earlier and imports rose 25.3 percent, the customs bureau said on its website today. With the surplus pumping more cash into the fastest-growing major economy, the central bank ordered some lenders to set aside more money as reserves in an effort to damp liquidity.

Reuters :
CHINA Oct 2010 Trade Balance(Surplus) @ $27.1 Billion vs forecast of $ 25 Billion.
CHINA Oct 2010 Imports up 25.3% vs forecast of up 28.5%.
CHINA Oct 2010 Exports up 22.9% vs forecast of up 23.5%.