China Exports Log Double-Digit Growth … RTT
China Exports Log Double-Digit Growth
By RTTNews Staff Writer
China’s exports logged a double-digit growth in September, figures from customs administration revealed Friday.
Exports grew 14.5 percent year-on-year in September, faster than the 9.8 percent increase seen in August.
At the same time, imports advanced 14.3 percent annually. As a result, the trade surplus increased to around $32 billion in September.
The big picture is the Chinese exports have so far held up well in the face of escalating trade tensions and cooling global growth, most likely thanks to the competitiveness boost provided by a weaker renminbi,
Julian Evans-Pritchard, an economist at Capital Economics, said.