China's Trade Growth Accelerates In Sept; Exports Up 9.9%
BEIJING: Chinas trade growth accelerated in September as the worlds second-largest economy recovered form the coronavirus pandemic.
Exports rose 9.9% to $239.8 billion, up from Augusts 9.5% growth, customs data showed Tuesday. Imports gained 13.2% to $202.8 billion, up from the previous months 2.1% contraction.
Exporters have benefited from Chinas relatively early reopening from shutdown to fight the virus and from strong global demand for masks and medical supplies. They have been taking market share from foreign competitors that are hampered by anti-disease controls.
Exports to the United States rose 20.5% to $44 billion despite higher U.S. tariffs in a fight over Beijing’s technology ambitions and trade surplus. Imports of American goods rose 24.5% to $13.2 billion.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor