China exports up 28% in September; surplus with US grows
Source: AP
BEIJING (AP) — China’s exports rose at a slightly faster pace in September while demand for imports of iron ore and other commodities eased as a property construction boom cooled and authorities enforced curbs on energy use.
Customs data showed exports rose 28.1% to $305.7 billion. That was slightly faster than the 26% increase logged in August, and above economists’ forecasts. Imports rose 17.6% to $240 billion, less than the previous month’s 33% increase.
This year’s trade figures have been distorted by comparison with 2020, when global demand plunged in the first half after governments shut factories and shops to fight the pandemic. Chinese exporters reopened after the ruling Communist Party declared the virus under control in March 2020, while their foreign competitors still were hampered by anti-virus curbs.
“China’s foreign trade performance is leading the field among the world’s major economies, and China has seen an increase in its international market share,” said Li Kuiwen, a spokesman for the customs agency.
Custom officials check documents with a man at a container port in Yantai in eastern China's Shandong province Tuesday, Oct. 12, 2021. China’s import and export growth slowed in September amid shipping bottlenecks and other disruptions combined with coronavirus outbreaks. (Chinatopix via AP)
Read more: https://apnews.com/article/coronavirus-pandemic-business-china-global-trade-health-662d9a96d3575a42a50b555b07ff1a7b
= new reply since forum marked as read
