January 25, 2021

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China says exports and imports hit record highs in September


Workers stand at the port of Qingdao, Shandong province, China June 10, 2019.

Reuters

BEIJING — China imported and exported a record amount of goods in yuan-denominated terms in September, Reuters reported Tuesday, citing a spokesperson for the national customs agency.

China’s exports rose 10.2% in the third quarter from a year ago to 5 trillion yuan ($742.9 billion), the agency said.

Imports rose 4.3% to 3.88 trillion yuan during that time, according to the data.

For September, in U.S. dollar terms, China’s exports rose 9.9% from a year ago — close to analysts’ expectations of 10%, according to a Reuters poll.

Imports surged 13.2% in U.S. dollar terms, far above the 0.3% predicted by the Reuters’ poll.

Global demand for Chinese medical supplies has helped boost exports in the last several months. China was the first country affected by the coronavirus pandemic, and has since become the first major economy to resume most business activity.

This is a breaking news story. Please check back for updates.

CNBC’s Yen Nee Lee contributed to this report.



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