CHINA’S TRADE BALANCE: SURPLUS WIDENS MORE THAN EXPECTED IN SEPTEMBER
China's Trade Balance for September, in Chinese Yuan terms, came in at CNY558.74 billion versus expectations of CNY510 billion and CNY488 billion previous.
Exports dropped 0.6% YoY in September vs. -3.2% seen in August. The country’s imports declined 0.8% YoY in the reported month vs. -1.6% prior.
In US Dollar terms, China’s trade surplus shrunk more than expected in September.
Trade Balance came in at 77.71B versus 70B expected and 68.36B previous.
Exports (YoY): -6.2% vs. -8.3% exp. and -8.8% previous.
Imports (YoY): -6.2% vs. -6.0% exp. and -7.3% last.
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