Business News Asia
The China Customs Administration (GAC) reported that exports rose 5.7% in September from a year earlier. This was slower than the 7.1% growth in August, as sluggish demand in international markets continued to put pressure on China.
In September, imports increased by 0.3% year-on-year, the same level as in August
The data pushed China’s trade surplus to a record $84.74 billion in September.
In the months of January to September this year, China’s exports grew by 12.5% year-on-year. This slowed down from the 13.5% growth in the January-August period.
Meanwhile, imports rose by 4.1% year-on-year in the January-September period. This was a slowdown from 4.6% growth in the January-August period. As a result, China recorded a trade surplus of $64.52 billion in the January-September period.