Business & Finance
China’s Trade Surplus Nears $940 Billion as Export Growth Surges
Key Points
China’s Trade Surplus Nears $940 Billion as Export Growth Surges China’s trade surplus ballooned to $938 billion for the first nine months, keeping it on pace to exceed last year’s record as export growth surged faster than expected in September. Exports soared 36% last month from a year earlier — the fastest since February — after an increase of 25% in August. Imports jumped 31%, data released by China’s General Administration of Customs showed on Wednesday.
China’s Trade Surplus Nears $940 Billion as Export Growth Surges
China’s trade surplus ballooned to $938 billion for the first nine months, keeping it on pace to exceed last year’s record as export growth surged faster than expected in September.
Exports soared 36% last month from a year earlier — the fastest since February — after an increase of 25% in August. Imports jumped 31%, data released by China’s General Administration of Customs showed on Wednesday.