BEIJING (Reuters) – 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% from a year earlier, customs data showed on Tuesday, broadly in line with analysts’ expectations and up from a solid 9.5% increase in August.
The strong trade performance suggests Chinese exporters are making a brisk recovery from the 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. Read more…..
Chart of the Day
Chi Lo. senior Greater China economist at BNP Paribas Asset Management, discusses the health of the world’s second-largest economy. China’s exports rose for the fourth straight month in September while imports surged, pointing to further recovery in global trade and a robust domestic rebound.