LoginNews
Chinese trade balance surplus rose more than expected in September
China's exports logged a double-digit growth in September, according to rttnews.
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.
Market Focus
- UK gross domestic product (GDP) grew by 0.4% in the three months to October
- In December, the sentix overall index for the economy in Euro Area falls for the 4th time in a row to -0.3
- St. Louis Fed Chief James Bullard Suggests Fed Hold Rates Steady
- Fed's Brainard: Gradual Rate Increases Still Appropriate 'In the Near Term'
Quotes
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.
