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 in yuan-denominated terms, the agency said.

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

China is set to release U.S. dollar-denominated trade figures for September later on Tuesday.

Analysts polled by Reuters forecast a 10% increase in exports and a 0.3% rise in imports for September from a year ago, in U.S.-dollar terms.

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.



Source link

Discover

Sponsor

Latest

Biden advisor’s lobbyist brother has connections but is cautious on conflicts

The lobbyist brother of one of President-elect Joe Biden's top advisors has cultivated a reputation for his deep connections in D.C. and for...

Boris Johnson says ‘no alternative’ as England braces for lockdown

British Prime Minister Boris Johnson leaves 10 Downing Street wearing a face mask on his way to Prime Minister's Questions (PMQs) at the...

HP (HPQ) earnings Q4 2020

Enrique Lores, CEO, HPScott Mlyn | CNBCHP shares rose as much as 9% in extended trading on Tuesday after the PC maker reported...

A new study finds that teens, especially girls, have better mental health when they spend more time taking part in extracurricular activities, like sports...

The research appeared in Preventive Medicine (Volume 141, December 2020, 106291)Title: Screen time and extracurricular activities as risk and protective factors for mental...