China Exports Grow for Seventh Month in September

Share

China's goods trade volume rose 16.6 percent to 20.29 trillion yuan (3.08 trillion USA dollars) in the first three quarters of this year, official data showed Friday.

The gain was stronger than the most optimistic forecast in a Reuters analysts poll.

"We expect the total value of exports and imports to continue to increase in the fourth quarter, and total trade hopefully will post double-digit growth for the full year", he told reporters at a briefing. Imports were forecast to jump 13.5 percent in the same period.

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

How Many Pretium Resources Inc (NYSE:PVG)'s Analysts Are Bullish?
The Firm is engaged in the acquisition, exploration and development of precious metal resource properties in the Americas. After $0.99 actual EPS reported by IDACORP Inc for the previous quarter, Wall Street now forecasts 70.71% EPS growth.

A rebound in China's exports this year has helped support Chinese economic growth this year. Exports to the United States were a record $40.9 billion in September, creating a record surplus of $28.1 billion with the country.

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.

Government measures to cool hot housing prices are also expected to start to weigh on property investment and construction.

Share