Products You May Like
BEIJING — China reported disappointing growth in imports in September, while exports beat expectations, according to data released Wednesday by the customs agency.
Imports in U.S. dollar terms rose 17.6% last month from a year ago to $240 billion. That’s less than the 20% estimated by analysts polled by Reuters.
China’s exports in U.S. dollar terms surged 28.1% year-on-year in September to $305.74 billion, beating the 21% growth figure expected by the Reuters poll.
China’s trade surplus with the U.S. rose to $42 billion, as exports surged about 30% from a year ago, while imports climbed just under 17%. The U.S. remained China’s largest trade partner on a single-country basis.
Chinese imports from Australia surged about 50% year-on-year to $15.04 billion in September, while exports climbed nearly 24% year-on-year to about $6 billion.
This is a breaking news story. Please check back for updates.