China exports up 9%, for 7th month of growth

China exports up 9%, for 7th month of growth

China exports up 9%, for 7th month of growth

China's trade growth accelerated in September in a sign of resilient global and domestic consumer demand. The rise beat the poll's forecast for a 15% gain. Imports rose 18.7 percent to $169.8 billion, an improvement from the previous month's 13.3 percent.

Exports increased 8.1% in September compared with the same period a year earlier, following 5.5% growth in August, the General Administration of Customs said Friday.

In renminbi terms, exports advanced 9% and imports grew 19.5% in September.

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As result, the trade surplus totaled USD28.47 billion in September versus the expected level of USD38.0 billion.

That left the country with a trade surplus of $28.47 billion, less than the near $40 billion expected and down from around $42 billion in August.

But Evans-Pritchard said the figures were skewed because there were more working days last month compared with last year's period, as the almost week-long Mid-Autumn Festival holiday was held in September 2016.

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Looking ahead, Julian Evans-Pritchard, an economist at Capital Economics, said he expects any further weakening of exports to remain mild given the relatively upbeat outlook for growth in China's main trading partners. US officials have resumed criticizing Chinese policy after President Donald Trump said in April he would temporarily shelve disputes while Washington and Beijing cooperated on North Korea. The trade surplus was the lowest in six months.

With the European Union, China's exports rose 10.4 percent and imports 30.9 percent.

Authorities are in the midst of a campaign to reduce the risks from a rapid build-up in debt produced by years of credit-fuelled stimulus, and the continued strength of imports and exports could give policymakers confidence to stick with their deleveraging push into next year.

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