Foreign media: China's exports rose 36.3% year-on-year in September, significantly exceeding the expected 25.5% and the previous month’s 25.0%, marking the fastest growth since February; imports increased by 31.0%, also surpassing the forecast of 24.5%. The trade surplus for the first three quarters reached $938.1 billion, potentially breaching the $1 trillion mark earlier than in November last year.
Semiconductor exports surged 108.1% year-on-year over the first nine months, while both volume and value of car exports rose by more than 50%. The trade surplus with the United States reached $34.01 billion, a 20-month high, and stood at $34.8 billion with the European Union.
Despite an extension of the temporary truce on U.S. tariffs and a recently concluded agreement between China and the EU limiting hybrid vehicle exports, strong global demand for AI infrastructure continues to support Chinese technology exports. Analysts expect the trade performance to remain resilient in the fourth quarter, with modest policy support sufficient to achieve the annual GDP growth target of 4.5% to 5%.
Original source: toutiao.com/article/1879019774252042/
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