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China’s Trade Growth Surpasses Forecast
China's imports and exports in September rose 7% to $183 billion and 15% to $214 billion, respectively.
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China's imports and exports in September rose 7% to $183 billion and 15% to $214 billion, respectively. Analysts had expected imports to fall at least 2% and exports to grow about 12%.
Total foreign trade volume gained 11% to $396 billion, according to China's General Administration of Customers.
The unexpectedly strong export growth doubled China's trade surplus for the month to $31 billion year on year. The country's trade surplus in the first nine months of 2013 soared 38% to nearly $232 billion.
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