China Exports Exceed Estimates in Sign of Global Pickup

China’s exports rose at the fastest pace in five months in October, adding to signs of a rebound in the world’s second-biggest economy after industrial output and retail sales exceeded forecasts.

Overseas shipments increased 11.6 percent from a year earlier, the Beijing-based customs administration said in a statement yesterday. That compared with the 10 percent estimate in a Bloomberg News survey of economists and 9.9 percent in September. Imports rose 2.4 percent, the same pace as the previous month. The trade surplus widened to $32 billion, the biggest in almost four years.