China’s October trade surplus $56.53 bln (expected surplus of $82.00 bln; last surplus of $77.71 bln).
October Imports 3.0% yr/yr (expected -4.8%; last -6.2%) and Exports -6.4% yr/yr (expected -3.3%; last -6.2%)
China’s Commerce Ministry issued new rules governing exports of rare earths.
China Securities News speculated that the People’s Bank of China will cut the reserve requirement ratio or lower the medium term lending facility rate again this year.
China’s Vice Premier He will meet with Treasury Secretary Yellen in San Francisco on Thursday and Friday.