Business

China encounters upward movement in imports & exports as global economy reopens

The Fact News Service

October 13

China’s imports  grew at their fastest pace this year in September, while exports extended their strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world’s second-biggest economy.

According to reports, exports in September rose 9.9 per cent from a year
earlier, customs data showed on Tuesday, broadly in line with analysts’
expectations for 10 per cent growth and up from a solid 9.5 per cent increase in August.

The strong trade performance suggests Chinese exporters are making a brisk recovery from the coronavirus pandemic’s hit to overseas orders. Imports surged 13.2 per cent, returning to growth from a slump of 2.1 per cent in August and much stronger than expectations for a 0.3 per cent increase.

(story sourced through inputs from agencies)

 

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