China’s imports and exports rise as the world economy reopens

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China's imports and exports rise as the world economy reopens


Beijing (Reuters) – China’s imports and exports have grown significantly as restrictions have been eased around the world.


Chinese flag flutters at the Great Hall of the People in Beijing


© Reuters/CARLOS GARCIA RAWLINS
Chinese flag flutters at the Great Hall of the People in Beijing


Exports rose 9.9 percent in September compared to the previous year, according to data from the customs authorities on Tuesday. This was largely in line with the expectations of analysts, who had predicted 10 percent growth. In August, the world’s second largest economy saw an increase in exports of 9.5 percent.

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After a slump of 2.1 percent in August, imports rose by 13.2 percent, exceeding the analyst forecast of plus 0.3 percent. The strong trade performance suggests that China’s foreign trade is rapidly recovering from the outbreak of the corona pandemic.

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