China’s exports blow past forecasts, imports accelerate

Business Recorder reported that China's exports climbed 36.3 percent in September from a year earlier, comfortably ahead of the 25.5 percent rise economists had forecast. The pace was quicker than August's 25.0 percent increase and the strongest since February, when shipments had grown 39.6 percent. Imports also accelerated, jumping 31.0 percent against 28.2 percent in August and a forecast gain of 24.5 percent.

Strong overseas demand, according to the report, offset soft household spending and reduced pressure on officials to meet this year's growth target. Goods shipments have held up for a second year despite Western calls for a more even trade balance with China. The trade surplus stood at USD938.11 billion over the first nine months, putting the country on course to pass USD1 trillion sooner than last year unless shipments lose momentum in the closing quarter.

Producer prices climbed in September at the quickest rate in over four years, while consumer inflation edged up but came in below forecasts. The report noted that pricier oil and commodities lifted factory-gate costs, while weak domestic demand kept broader price pressure contained. Separately, an EU deal to limit Chinese hybrid vehicle exports is expected to weigh on auto trade over time, although exporters may ship more before the December deadline.