China Sept unwrought copper imports hit highest since March

Workers operate machinery on the assembly line at a Lyric Robert factory operated by Guangdong Li Yuanheng Intelligent Automation Co. in Huizhou Guangdong province China on Monday

Exports rose 8.1 percent to $198.3 billion, up from August's 5.5 percent, trade data showed Friday.

That is the joint-highest monthly level this year, tying the figure from March.

China's imports from North Korea fell 37.9 percent in September from a year earlier, marking the 7th consecutive month of decline, while exports dropped 6.7 percent.

Exports increased 12.4 percent to 11.16 trillion yuan, while imports surged 22.3 percent to 9.13 trillion yuan, the General Administration of Customs (GAC) said.

The world's second biggest economy recorded a trade surplus of CNY193 billion (USD29.3 billion), down from CNY 286.5 billion in August.

The gain was stronger than the most optimistic forecast in a Reuters analysts poll.

China has been credited with helping to support global demand and weaker imports might hurt suppliers for whom this country is a major market.

His remarks appeared to have been directed at a CNN report on Wednesday that said North Korean seafood was making its way into the Chinese city of Hunchun despite the latest ban.

But Evans-Pritchard said the figures were skewed because there were more working days last month compared with last year's period, as the almost week-long Mid-Autumn Festival holiday was held in September 2016.

"Today's figures suggest that not only has strong foreign demand continued to prop up manufacturing activity in China but domestic demand remains resilient too", Julian Evans-Pritchard, China Economist at Capital Economics wrote in a note. US officials have resumed criticizing Chinese policy after President Donald Trump said in April he would temporarily shelve disputes while Washington and Beijing cooperated on North Korea. Imports rose 18.7 percent to $169.8 billion, an improvement from the previous month's 13.3 percent.

Related:

Comments


Other news