The author is head of China research at UBS Tao Wang China's exports grew 5.6% year-on-year in October, better than markets had expected (Bloomberg: 1.7%y/y) and largely in line with our more optimistic view of 4% year-on-year. Stripping out the effects of last year's over-invoicing activity, the improvement in October's exports was even more pronounced, […]

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