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China’s September exports and imports beat forecasts as trade growth accelerates

Exports rose 36.3% from a year earlier and imports climbed 31.0%, both above forecasts, according to reports citing China’s customs data.

NewsJaws DeskEditorial desk
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The container ship Hanjin China alongside a tugboat in Hamburg harbor.
File photograph of the container ship Hanjin China in Hamburg harbor, September 2013. Buonasera — Container ship Hanjin China in the port of Hamburg — Hummelhummel (resized and converted to WebP). CC BY-SA 3.0.Image sourceImage licence: CC BY-SA 3.0
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China’s exports rose 36.3% from a year earlier in September and imports increased 31.0%, beating forecasts in customs figures reported on 14 October by Reuters and CNBC. The export increase was the fastest since February.

September trade figures versus forecasts

Export growth accelerated from 25.0% in August, while import growth rose from 28.2%. A Reuters poll had forecast increases of 25.5% for exports and 24.5% for imports.

Reuters reported that weak consumer spending and domestic demand remain challenges despite the stronger trade figures. CNBC reported that global demand for AI-related goods has helped drive exports.

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AI-assisted article checked against the listed sources. NewsJaws did not conduct interviews or attend the reported events.

Topics

ChinaChina exportsChina importsSupply Chains

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