Trade surplus versus the U.S. rose to a record $28.1 billion. Demand for Chinese products has proven robust as growth in major trading partners holds up, though this trade report also gets a boost from a comparison with a low base last year. The official factory gauge rose to a five-year high in September, and the International Monetary Fund this week raised its global growth forecast as well as its estimate for China.
China Exports Remain Resilient as Rising Imports Signal Strength
China’s overseas shipments rose from a year earlier, narrowly missing estimates, the latest sign that Asian trade is holding up on robust external demand and a brighter global outlook. Exports increased 8.1 percent in September, the customs administration said Friday, less than the 10 percent projected in a Bloomberg survey. Imports rose 18.7 percent, exceeding estimates with the fastest growth since March, to result in a trade surplus of $28.5 billion.
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