BEIJING, Oct 13 ― China's imports grew at their fastest pace this year in September, while exports extended strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world's second-biggest economy. Exports in September rose 9.9 per cent from a year earlier,...
Exports in September rose 9.9 per cent from a year earlier, customs data showed today, broadly in line with analysts' expectations and up from a solid 9.5 per cent increase in August. — Reuters pic
The strong trade performance suggests Chinese exporters are making a brisk recovery from the coronavirus pandemic's hit to overseas orders. As the global economy restarts, Chinese firms are rushing to grab market share as their rivals grapple with reduced manufacturing capacity. “This has boosted domestic demand, especially investment-led demand, which buoyed imports,” Wang said.
Already heightened US-China tensions are expected to escalate ahead of the US presidential election. China remains well behind on its pledge to boost purchases of US goods under an agreement that was launched in February.
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