News Snapshot:
(Bloomberg) -- China’s record trade surplus is cushioning the economy from weakening domestic demand and giving policy makers room to delay stimulus. But it won’t be enough to keep growth from slowing further. Export growth has exceeded analyst estimates for three straight months, and the trade surplus reached $84.5 billion in October, data on Sunday showed. Problem is, gross domestic product is now so large that overseas demand can’t replace easing investment and consumer spending. China’s economy has slowed sharply in recent months as efforts to rein in the property market ripple through industries from construction to commodities. A power...
