China’s Exports Climb About 20% in September Despite Energy Crisis
Bloomberg
Published Oct 13, 2021 10:52
(Bloomberg) -- China’s exports in yuan terms grew at a faster pace in September than the previous month despite a nationwide power crunch that forced businesses to cut production.
Export growth accelerated to about 20%, according to Bloomberg calculations based on official data, from 15.7% in August. September’s gain was higher than the median estimate of 13.3% in a Bloomberg survey of economists. Growth in imports in yuan slowed to 11.0% in September from 23.1% in the previous month.
The customs administration published data for the first nine months of the year showing exports in yuan terms climbed 22.7% from a year earlier, while imports increased 22.6%.
China will publish monthly data for September and also the value of trade in dollars later Wednesday.
©2021 Bloomberg L.P.
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Written By: Bloomberg
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