Business · Trade · 1 hr ago
China’s Trade Surplus Reaches $938 Billion in First Nine Months
China’s trade surplus reached $938 billion in the first nine months of the year, putting it on track to top last year’s record.
In September, exports rose 36% from a year earlier, while imports increased 31%.
The surplus for the month was $133.5 billion, above the average forecast of $117.8 billion.
The growth comes as global demand for artificial-intelligence services and related goods, including computer chips, has helped support Chinese exports.
Facing higher US trade barriers, Chinese companies have also sought new overseas markets, while weak domestic demand makes exports more important.
The export surge is drawing greater concern from China’s trading partners, and the European Union and China have agreed to cap imports of Chinese hybrid cars.
The accumulated surplus could reach $1 trillion or more this month, according to the figures reported.
China’s trade surplus reached $938 billion in the first nine months.
The surplus is on pace to exceed last year’s record, according to Bloomberg.
Export growth surged faster than expected in September.
China’s exports grew last month at their fastest pace in almost any month since the end of the global financial crisis, the New York Times reported.
- Who
- China.
- What
- Its trade surplus reached $938 billion in the first nine months.
- When
- The first nine months; exports surged in September.
- Where
- China.
- Why
- Export growth surged faster than expected in September.
This story does not have two clearly opposing sides.
China’s export growth surged faster than expected.
China’s trade surplus reached $938 billion.
- Trade surplus
- $938 billion
- Period
- First nine months
- Export growth
- Faster than expected in September
- Prior record
- Last year’s record is expected to be exceeded