China Exports Rise Less Than Expected In September

China Exports Rise Less Than Expected In September

While exports are contributing to China's economic growth once again, global investors have been more focused on its strong appetite for industrial commodities such as iron ore and coal, which is boosting resources prices worldwide.

Analysts polled by Reuters expected an 8.8 percent rise in Chinese exports in September from a year ago in dollar terms. But the growth was still below the median forecast for 10% growth in a Bloomberg News survey of economists.

Imports in September expanded 18.7% from a year earlier, compared with a 13.3% gain in August.

China's imports have been growing at a double-digit pace since January.

Arrivals of unwrought copper, which includes anode, refined, and semi-finished copper products, stood at 430,000 tonnes last month, according to calculations based on data from the General Administration of Customs.

The world's second biggest economy recorded a trade surplus of CNY193 billion (USD29.3 billion), down from CNY 286.5 billion in August.

In September, China's foreign trade rose 13.6 percent to 2.46 trillion yuan, with exports up 9 percent and imports up 19.5 percent.

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