China just delivered another solid trade report

Trade in China is on the rise.The yuan rose by 2.1% against the US dollar in the 12 months to October.Chinas General Administration of Customs says imports have also grown past expectations.Chinese trade data remains solid if not spectacular.According to Chinas 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.SEE ALSO:31 Chinese cities that have economies as big as countriesJoin the conversation about this storyNOW WATCH: How the iPhone X could make Apple a $1 trillion company
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