CHINA

China’s Trade Surplus Grows: China’s trade surplus widened by $1 billion in October as exporters were protected from tight credit policies which curbed imports. Exports grew 29.6% over the year-earlier month to $10.4 billion while imports rose 8.7% to $9.4 billion. In the first 10 months of the year, China’s exports increased 29.7% to $89.86 billion while imports gained 14.5% to $87.45 billion. According to official customs figures, that leaves a trade surplus of $2.4 billion, contrasted with a $7.1-billion trade deficit by the same time last year when the appetite of Chinese factories for imported production materials was at its height.