Soft Demand Weighs on Chinese Trade Figures

China’s exports and imports for September came in well below expectations, dented by weak demand at home and abroad.

Exports in September tumbled 10.0 percent in dollar terms and imports fell 1.9 percent, with a trade surplus of $41.99 billion.

In U.S. dollar terms, exports were expected to fall 3.0 percent and imports to rise 1.0 percent on-year, according to a Reuters poll of analysts, which also forecast a trade surplus of $53 billion.

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.