With so many talks of currency wars in the air, Chinese policymakers must be content that the country's trade surplus stopped surging last month.

The latest statistics show that China's monthly trade surplus narrowed to $16.88 billion in September, its lowest level in five months.

Chinese policymakers may well hope that such a shrinking trade surplus, down 15.7 percent over the previous month, will help ease international pressure on China to move faster on currency revaluation.