China’s Trade Balance in USD terms clocks in at surprising surplus over $30 billion

China’s Trade Balance in USD terms clocked in at $31.69 billion, vaulting over the forecast of 19.40 billion and clearing the previous reading of 27.89 billion, printing at a surprise surplus versus the expected contraction.

China’s annualized Imports for September in USD declined more than expected, printing at 14.3% (forecast, 15.0%, previous 19.9%), while Exports surged to 14.5% (forecast 8.9%, previous 9.8%).