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China trade: export growth slows to 5.7 per cent in September, imports unchanged at 0.3 per cent
- China’s exports grew by 5.7 per cent in September compared with a year earlier, down from 7.1 per cent growth in August
- Imports grew by 0.3 per cent in September compared with a year earlier, unchanged from 0.3 per cent growth in August
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China’s export growth slowed in September, data released on Monday showed.
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Exports grew by 5.7 per cent last month from a year earlier to US$322.76 billion, compared to 7.1 per cent growth in August, according to the delayed data released by China Customs.
The September figure was below expectations of a 5.8 per cent rise, according to Wind, a leading provider of financial information services in China.
Imports, meanwhile, grew by 0.3 per cent in September from a year earlier to US$238.01 billion, unchanged from 0.3 per cent growth in August, and below expectations of a 1.3 per cent rise.
China’s total trade surplus was US$84.75 billion in September compared to US$79.39 billion in August.
Headline export growth slowed from 7.1 per cent year on year to 5.7 per cent in US dollar terms. But we estimate that export values rose 1 per cent in month on month terms
The trade data was expected to be released on October 14 before the opening of the 20th party congress, but was delayed without an official explanation.
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