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China says exports and imports hit report highs in September

China says exports and imports hit report highs in September

Workers stand on the port of Qingdao, Shandong province, China June 10, 2019.

Reuters

BEIJING — China imported and exported a report quantity of products in yuan-denominated phrases in September, Reuters reported Tuesday, citing a spokesperson for the nationwide customs company.

China’s exports rose 10.2% within the third quarter from a yr in the past to five trillion yuan ($742.9 billion), the company mentioned.

Imports rose 4.3% to three.88 trillion yuan throughout that point, in response to the information.

China is about to launch U.S. dollar-denominated commerce figures for September in a while Tuesday.

Analysts polled by Reuters forecast a 10% improve in exports and a 0.3% rise in imports for September from a yr in the past, in U.S.-dollar phrases.

Global demand for Chinese medical provides has helped enhance exports within the final a number of months. China was the primary nation affected by the coronavirus pandemic, and has since grow to be the primary main economic system to renew most enterprise exercise.

This is a breaking information story. Please test again for updates.

CNBC’s Yen Nee Lee contributed to this report.

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