China's Sept exports grow 5.7%, trade surplus $84.74 billion, expands 29.9%, imports weak

[beijingwalker]

China's Sept exports grow 5.7%, trade surplus $84.74 ,expands 29.9%, imports weak​

An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China May 9, 2022. Picture taken with a drone. China Daily via REUTERS

24 Oct 2022 10:17AM(Updated: 24 Oct 2022 10:17AM)


BEIJING : China's exports grew 5.7 per cent in September from a year earlier, beating expectations, while imports rose 0.3 per cent, missing estimates, customs data showed on Monday.
Analysts polled by Reuters had expected export growth to cool to 4.1 per cent after a 7.1 per cent gain in August, as global demand continued to weaken amid surging prices and aggressive interest rate rises.

Imports had been forecast to have risen 1.0 per cent, after ticking up only 0.3 per cent in August, with domestic demand still sluggish.

China posted a trade surplus of $84.74 billion in September, versus a forecast for an $81.0 billion surplus in the poll and a $79.39 billion surplus in August.

China's Sept exports grow 5.7%, beat forecasts, imports weak

BEIJING : China's exports grew 5.7 per cent in September from a year earlier, beating expectations, while imports rose 0.3 per cent, missing estimates, customs data showed on Monday.Analysts polled by Reuters had expected export growth to cool to 4.1 per cent after a 7.1 per cent gain in August...

www.channelnewsasia.com

 

[beijingwalker]

China's foreign trade value rises 9.9% to $4 trillion​

Updated: 2022-10-24 10:36

China's imports and exports were valued 31.11 trillion yuan ($4.29 trillion) in the first three quarters of the year, up 9.9 percent from a year ago, data from the General Administration of Customs showed on Monday.

The exports increased 13.8 percent year-on-year to 17.67 trillion yuan, while the imports totaled 13.44 trillion yuan, rising 5.2 percent on a yearly basis.
The trade surplus during the period reached 4.23 trillion yuan, surging 53.7 percent year-on-year.

In September alone, the combined import and export value was 3.81 trillion yuan, rising 8.3 percent from a year earlier.

The exports were valued 2.19 trillion yuan, growing 10.7 percent year-on-year, and the imports increased 5.2 percent from a year ago to 1.62 trillion yuan.
Trade surplus in September was 573.57 billion yuan, expanding 29.9 percent year-on-year.

China's foreign trade value rises 9.9% to $4t

China's imports and exports were valued 31.11 trillion yuan ($4.29 trillion) in the first three quarters of the year, up 9.9 percent from a year ago, data from the General Administration of Customs showed on Monday.

www.chinadaily.com.cn

 

[beijingwalker]

Weak yuan supercharges China's exports, slows down China's imports, results in huge trade surplus

 

[beijingwalker]

Dollar is just a China's slave, apppreciates or devalues, both serve China's benefits.

 

[beijingwalker]

Previous exports power houses Japan, Germany, South Korea now all suffer trade deficit, only China keeps powering ahead, surplus hits record high everything passing month.

 

[Beast]

The west media keep drumming about weak China economy growth but seems like USA recession is not a problem for western world. These western clowns are self deluding themselves about the decline power of western world.

 

[MH.Yang]

We still need to activate our domestic demand as soon as possible. In the future, the demand of the European market may decline significantly. We need to find new growth points as soon as possible.

 

[Beast]

We still need to activate our domestic demand as soon as possible. In the future, the demand of the European market may decline significantly. We need to find new growth points as soon as possible.

Stimulus package will be unleased soon. Given tourist in China didn't collapse becos of strict lock out from outside world during covid times, show how strong local consumption is.

 

[beijingwalker]

 

[beijingwalker]

China's foreign trade in goods up 9.9% in Jan.-Sept.
Updated 16:28, 24-Oct-2022

China's foreign trade in goods jumped 9.9 percent year on year to 31.11 trillion yuan ($4.75 trillion) during the first nine months of 2022, official data showed Monday.

Exports rose 13.8 percent year on year to 17.67 trillion yuan, while imports increased 5.2 percent from a year ago to 13.44 trillion yuan, according to the General Administration of Customs.

From January to September, China's trade with the Association of Southeast Asian Nations, the European Union, and the United States grew 15.2 percent, 9 percent and 8 percent, respectively.

In this period, China's trade with Belt and Road Initiative countries soared 20.7 percent year on year to 10.04 trillion yuan.

Private enterprises saw imports and exports increase 14.5 percent from a year ago to 15.62 trillion yuan in the first nine months, accounting for 50.2 percent of the country's total.

Exports of mechanical and electrical products expanded by 10 percent to account for 56.8 percent of the country's total, and exports of labor-intensive industry products jumped 12.7 percent from a year ago.

China's foreign trade in goods up 9.9% in Jan.-Sept.

China's foreign trade in goods jumped 9.9 percent year on year to 31.11 trillion yuan ($4.75 trillion) during the first nine months of 2022, official data showed Monday.

news.cgtn.com

 

[Song Hong]

China no longer park record trade surplus in US. Big problem.

I guess US will back China to be currency manipulator.

 

[beijingwalker]

China no longer park record trade surplus in US. Big problem.

I guess US will back China to be currency manipulator.

View attachment 889112

US Trade Deficit by Country 2022

Country	Total Trade	Total Balance
China	635,364	-375,576
Canada	581,584	-17,054
Mexico	557,581	-70,953
Japan	204,086	-68,876

US Trade Deficit by Country 2024

worldpopulationreview.com

 

[Song Hong]

These forex got to go somewhere. I got an hypothesis that China is using record USD forex to help 3rd world to swap out USD denominated debt, in exchange that their debt is now Yuan denominated. I haven not research on these.

This is yet another major step of Yuan internationalization and death knell on USD.

 

[leviathan]

These forex got to go somewhere. I got an hypothesis that China is using record USD forex to help 3rd world to swap out USD denominated debt, in exchange that their debt is now Yuan denominated. I haven not research on these.

This is yet another major step of Yuan internationalization and death knell on USD.

Its didnt go out that much. Devaluation of the FOREX is the main reason for FOREX to remian unchanged.

 

[Song Hong]

Its didnt go out that much. Devaluation of the FOREX is the main reason for FOREX to remian unchanged.

You fail Pri schoo maths isnt it. These forex is denominated is USD. Devalue or not, does not matter.