China exports, imports soar past expectations in October — surplus narrows sharply

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China's exports and imports surged more than expected in October, according to the official data released Monday, while its surplus shrank sharply, undershooting expectations. Goods exports soared by 35.2% last month from a year earlier, exceeding expectations for a 33.5% jump in a Reuters poll and slowing from a 36.3% jump in September. Imports climbed by 41.6% last month, customs data showed, jumping from 31% in September and sharply beating estimates for a 32% rise by analysts polled by Reuters.