News Column

China Exports Beat Estimates, Climb Nearly 10 Percent in September

Oct. 13, 2012
china, exports, global business, economic indicators

Beijing (dpa) - China's September exports rose 9.9 percent from a year earlier, the government said Saturday, fueled by strong demand ahead of the holiday shopping season and government stimulus measures.

September's export volume, which totaled 186 billion dollars, exceeded estimates and was well ahead of August's 2.7 percent increase.

Imports rose 2.4 percent year-on-year, ending three consecutive months of decline. China's trade surplus rose slightly to 27.7 billion dollars.

The world's second-largest economy has been affected by weak demand by US and European economies. Last week, the World Bank cut its growth forecast for China this year from 8.2 per cent to 7.7 percent.

Beijing hopes to increase its foreign trade by 10 percent in 2012 but so far has achieved only a 6.2 percent gain.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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