Economics
China’s Exports Gain, Imports Surge in September Amid Reopenings
- Exports grew 9.9% in dollar terms; imports jumped 13.2%
- Tech stockpiling ahead of Huawei ban drove import growth
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China’s exports rose for the fourth straight month in September while imports surged, pointing to further recovery in the month for global trade and a robust domestic rebound.
Exports grew 9.9% in dollar terms in September from a year earlier, while imports rose 13.2%, the customs administration said Tuesday. That left a trade surplus of $37 billion for the month. Economists had forecast that exports would increase by 10% while imports would edge up 0.4%.