Economy

China Exports Rise Less Than Expected In September

China Exports Rise Less Than Expected In September”

"We expect the total value of exports and imports to continue to increase in the fourth quarter, and total trade hopefully will post double-digit growth for the full year", he told reporters at a briefing. China's imports grew 18.7 percent from a year earlier, official data showed on Friday, handily beating analysts' forecast of 13.5 percent and accelerating from a 13.3 percent pace in August.

In dollar terms, exports climbed 8.1% year-over-year in September, below economists' forecast for an increase of 10.0%.

Arrivals of unwrought copper, which includes anode, refined, and semi-finished copper products, stood at 430,000 tonnes last month, according tocalculations based on the data from the General Administration of Customs. Estimates, growth in export and import volumes picked up to 6.7% year-on-year and 13.6% respectively.

Analysts had expected China's trade surplus to have narrowed to $39.5 billion in September from August's $41.99 billion. "Today's figures suggest that not only has strong foreign demand continued to prop up manufacturing activity in China but domestic demand remains resilient too", Capital Economics says in note.

China is also in the midst of its toughest environmental crackdown ever, ordering many mills, chemical plants and coal companies to sharply reduce output or close in coming months to reduce the country's notoriously thick winter smog.



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