China’s Exports Climb About 20% in September Despite Energy Crisis By Bloomberg

China’s Exports Climb About 20% in September Despite Energy Crisis By Bloomberg

© Bloomberg. The container ship NYK Daniella sails out of the Yangshan Deepwater Port in Shanghai, China, on Saturday, Oct. 9, 2021. China’s trade figures are scheduled to be released on Oct. 13. Photographer: Qilai Shen/Bloomberg

(Bloomberg) — China’s exports in yuan terms grew at a faster pace in September than the previous month despite a nationwide power crunch that forced businesses to cut production.

Export growth accelerated to about 20%, according to Bloomberg calculations based on official data, from 15.7% in August. September’s gain was higher than the median estimate of 13.3% in a Bloomberg survey of economists. Growth in imports in yuan slowed to 11.0% in September from 23.1% in the previous month.

The customs administration published data for the first nine months of the year showing exports in yuan terms climbed 22.7% from a year earlier, while imports increased 22.6%.

China will publish monthly data for September and also the value of trade in dollars later Wednesday.

©2021 Bloomberg L.P.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply