China: Exports Disappoint But Data Still Suggest Moderate Recovery

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China's export growth in September slowed to -0.3% y/y (Cons: 5.5% y/y) from 7.2% y/y and hence was substantially weaker than expected. Import growth on the other hand was broadly in line with expectations, increasing 7.4% y/y (Cons: 7.0% y/y) in September after increasing 7.0% y/y in August. Before we



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