China September exports rise toward trade surplus milestone
Chinas exports grew significantly in September as robust global demand for semiconductors and green technology lifted the trade surplus. The widening surplus puts the manufacturing powerhouse on track to surpass previous records despite potential trade tensions.
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China reported a September trade surplus of $133.53B as exports rose 36.3% from a year earlier, keeping the annual surplus on track to exceed $1 trillion. The stronger-than-expected customs data surpassed August's 25.0% rise and beat analyst expectations for 25.5% growth. Strong global demand for semiconductors and green-tech products has helped offset subdued domestic demand and investment.
