China's September trade with US, EU and key nations

China's September trade with US, EU and key nations

A worker processes panda soft toys for export to American and European markets at a factory in Lianyungang, Jiangsu province, China, Oct 9, 2017. China's imports grew 18.7 percent from a year earlier, official data showed on Friday, handily beating analysts' forecast of 13.5 percent and accelerating from a 13.3 percent pace in August.

China's August exports were up 5.5 percent from a year ago in dollar terms, while imports were up 13.3 percent in dollar terms. The rise beat the poll's forecast for a 15% gain. It is up 10.3 percent from 390,000 tonnes in August, a level that had been seen for four straight months, and 340,000 tonnes in September 2016.

The trade surplus was the lowest in six months.

The trade surplus totaled USD28.47 billion in September versus the expected surplus of USD38.0 billion.

A rebound in China's exports this year has helped support Chinese economic growth this year.

In addition to pointing to still robust demand, some of the surge in September imports may be due to companies "front loading" supplies ahead of a week-long national holiday in early October, analysts said. "The improvement in September comes even as cooling prices pressures should have weighed on trade values".



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