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Exports with a solid performance, but not so much for imports.

Terms in yuan

China’s trade balance: surplus of CNY 433.19 billion

  • expected CNY 386 billion, before CNY 376 billion

Exports + 19.9% ​​y / y for a beat

  • expected 17.1%, before was 15.7%

Imports + 10.1% y / y for failure

  • expected 22.3%, before 23.1%

USD terms

China’s trade balance: $ 66.73 billion

  • forecast $ 47.6 billion, before $ 58.3 billion

Exports + 28.1% year-on-year

  • expected 21.5%, before 25.6%

Imports + 17.6% year-on-year

  • expected 19.2%, before was 33.1%

The trade surplus with the United States is US $ 280 billion for the months of January to September (ie YTD). This will add to the renewed urgency in the United States to correct the imbalance. .

The surge in Chinese exports, higher than expected and higher than the previous month, comes despite the country’s power shortage problems. All the more impressive.

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