Urgent.News

What's breaking now, across thousands of outlets.

Business

Exporte: China erreicht beim Handelsüberschuss bald die Billionen-Dollar-Marke

Chinas Exporte wachsen im September um mehr als 36 Prozent – und legen nach Deutschland und in die EU weiter zu. Das dürfte den Druck auf die EU-Verhandler vor dem Gipfel in Brüssel erhöhen.

Exporte: China erreicht beim Handelsüberschuss bald die Billionen-Dollar-Marke

Shanghai, China's exports continue to surge at an unprecedented pace, outpacing initial projections. In September, the country's exports grew by a remarkable 36.3 percent compared to the previous year, according to the latest figures released by the customs authority on Wednesday. This marked the strongest growth since February, when exports also increased by 31 percent.

Imports also saw a significant increase, rising by 31 percent compared to the year before. Despite the escalating trade conflicts with international partners, talks are underway aimed at limiting exports. In trade with Germany, China's exports rose by 31.4 percent in September, while imports remained relatively stable with a 0.1 percent increase compared to the previous year.

The same trend was evident in trade with the European Union (EU), where China exported 25.3 percent more in September than it imported, which increased by only 0.7 percent. This imbalance is increasingly evident in China's trade balance, with the country's trade surplus reaching an impressive $938 billion in the first nine months of the year, on track to set a new record.

Even September alone saw a $133.5 billion surplus, significantly higher than what economists had predicted in a Bloomberg survey, which estimated the surplus at $117.8 billion.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at handelsblatt.com →

More in Business

More from Wednesday 14 October →