China's exports return to growth with 5.6 pct rise

China's exports return to growth with 5.6 pct rise
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Summary Economic growth rebounded to 7.8 percent in the latest quarter after hitting a two-decade low.

HONG KONG (AP) A report says China s exports returned to growth in October while imports accelerated, further evidence of a gradual recovery in the world s No. 2 economy.

Customs data posted on Friday showed that exports rose 5.6 percent to $185.4 billion last month compared with the year-ago period.

The growth followed an unexpected 0.3 percent decline in September as global demand weakened.

Imports expanded 7.6 percent to $154.3 billion last month, up from 7.4 percent growth in September.

China s politically sensitive trade surplus ballooned to $31.1 billion from $15.2 billion the previous month.

Renewed strength in China s massive export-driven manufacturing sector is the latest indicator that China s economy is bouncing back.
 

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