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China says exports and imports peaked in September



Workers stand at the port of Qingdao, Shandong Province, China, June 10, 2019.

Reuters

BEIJING – China imported and exported a record amount of goods in yuan-denominated items in September, Reuters reported on Tuesday, citing a spokesman for the national customs agency.

Chinese exports rose 1

0.2 percent in the third quarter from a year ago to 5 trillion yuan ($ 742.9 billion), the agency said.

Imports rose 4.3 percent to 3.88 trillion yuan during that time, according to the data.

In September, in US dollars, China’s exports rose 9.9 percent from the previous year – close to analysts’ expectations of 10 percent, according to a Reuters poll.

Imports rose 13.2 percent in US dollars, well above the 0.3 percent forecast by Reuters.

Global demand for Chinese medical supplies has helped boost exports over the past few months. China was the first country to be affected by the coronavirus pandemic, and has since become the first major economy to resume most business.

This is short news. Please check again for updates.

CNBC’s Ian Nee Lee contributed to this report.


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