Exports: China Soon to Reach Trillion-Dollar Trade Surplus Mark
China's exports grow by more than 36 percent in September - and continue to rise to Germany and the EU. This is likely to increase pressure on EU negotiators ahead of the summit in Brussels.
China's exports surged by 36.3 percent in September compared to the previous year, according to the customs authority. The country's imports also rose by 31 percent year-over-year. China's trade surplus reached $938 billion in the first nine months of the year and $133.5 billion in September alone, exceeding economists' predictions of $117.8 billion.
The rapid growth in exports may escalate conflicts with international trade partners, despite ongoing talks to limit shipments. China's exports to Germany and the European Union increased by 31.4 percent and 25.3 percent, respectively, in September.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
