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China's imports unexpectedly grow in Oct, exports extend declines

BEIJING (Reuters) -China's imports unexpectedly grew in October while exports contracted at a quicker pace, in a mixed set of indicators that showed the world's second-largest economy facing persistent risks despite a recent improvement in domestic demand. The trade figures follow a run of mostly upbeat data that showed Beijing's support measures have helped bolster a tentative comeback, although a protracted property crisis and soft global demand continue to dog policymakers heading into 2024. "The significant improvement in imports may come from rising domestic demand, in particular a demand to replenish stocks."

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China's imports unexpectedly grow as demand makes cautious comeback

China's imports unexpectedly grow as demand makes cautious comeback
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MARKET REPORT: Chinese slowdown fears slam brakes on oil rally

In a boost to motorists hoping for cheaper prices at the fuel pumps, a barrel of Brent crude dipped more than 2% to as low as $83.03 a barrel.

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MARKET REPORT: Chinese slowdown fears slam brakes on oil rally

In a boost to motorists hoping for cheaper prices at the fuel pumps, a barrel of Brent crude dipped more than 2% to as low as $83.03 a barrel.

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