The sun sets behind cranes at the Yangshan Deep Water Port, part of China (Shanghai) Pilot Free Trade Zone’s Yangshan free trade port area, in Shanghai, China ’s exports bounced back in October from the surprise drop recorded in September offering some improved economic news as the country’s leaders prepare to set its fiscal and political direction for the next decade. The 5.6 per cent year-on-year increase in exports in October was higher than market expectations for a 3.2 per cent rise, and an improvement on the 0.3 per cent contraction recorded in September. China’s trade surplus rose to $31.6bn in October, double that of the previous month. The numbers will be a reminder, however, that China cannot simply rely on exports to power the economy and provide jobs – which had been the model during the first three decades since China adopted a market-based economy. The export sector […]