China’s Exports Surge and Imports Increase

China’s exports rose more than estimated in September and imports rebounded as global demand helps underpin growth in the world’s second-largest economy.

Exports increased 15.3 percent from a year earlier, the Beijing-based customs administration said today, compared with the 12 percent median estimate in a Bloomberg News survey of analysts. Imports rose 7 percent, against projections for a 2 percent decline, leaving a trade surplus of $31 billion.

China is benefiting from a U.S. recovery, bolstering an economy weighed down by a property slump and slowdown in industrial-output growth. Analysts forecast China’s expansion this year will moderate to 7.3 percent, the slowest since 1990, and to 7 percent in 2015.

Bloomberg

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