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September exports came in at +1.8% vs.+11.6% last while imports arrived at -1.6% vs. -1.3% expected and -0.5% prior.

Additional points

Jan-Sept trade balance +2.3 trln yuan

China Q3 yuan-denominated exports +10.2% YoY.

China Q3 yuan-denominated imports +4.3% YoY.

China Jan-Sept trade with the US +2% in yuan terms.

more to come …