China Export Drop Limits Recovery; Food Stokes Inflation
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China’s exports unexpectedly fell in September and inflation jumped on food prices, signaling constraints on the nation’s recovery as Premier Li Keqiang seeks to sustain growth without adding monetary stimulus.
Overseas shipments dropped 0.3 percent from a year earlier, customs data showed on Oct. 12. Consumer prices rose 3.1 percent as food costs advanced the most since May 2012, statistics bureau figures showed today in Beijing. New yuan loans topped estimates today in central bank data while the broadest measure of credit fell from August, as authorities try to support expansion without boosting shadow finance.