China's trade surplus more than doubles.

China's trade figures came in above consensus as exports grew 5.6% on year and imports 7.6%, while the trade surplus more than doubled on month to $31.1B. "Combined with...better export data in Korea and Taiwan, China's export numbers suggests some — although not yet decisive — improvement in global demand momentum," says RBS economist Louis Kuijs. The import growth reflects "healthy expansion of demand" in China.