China's exports surprisingly fall, CPI rises.

China's exports slipped 0.3% on year to $185.6B in September and badly missed consensus for growth of 6%. Although the drop has raised concerns about global demand and the staying power of China's recent economic recovery, analysts pointed out that the over-invoicing of exports may have inflated the numbers in September 2012. Meanwhile, inflation rose to a seven-month high of 3.2% on year, which was more than expected but within the government's annual target of 3.5%.