China's Foreign Trade Improves, Strong Rebound Unlikely


(MENAFN- Saudi Press Agency) China's exports and imports picked up in September due to recovering demand boosted by supportive policies at home and abroad, but a strong rebound in foreign trade is being seen as unlikely in the near future. According to Xinhua, exports rose 9.9 percent year on year to 186.35 billion U.S. dollars in September, according to figures released by the General Administration of Customs (GAC) on Saturday. September's export volume hit a record monthly high and the growth was higher than the 2.7-percent year on year increase posted in August, the GAC said. The easing of policies by foreign governments and orders for the Christmas shopping season have driven up exports to developed economies, said Chen Hufei, a financial researcher at the Bank of Communications.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.