Caixin
Oct 13, 2021 03:52 PM
ECONOMY

China’s Exports Climb About 20% in Yuan Terms

The container ship NYK Daniella sails out of the Yangshan Deepwater Port in Shanghai on Saturday. Photo: Bloomberg
The container ship NYK Daniella sails out of the Yangshan Deepwater Port in Shanghai on Saturday. Photo: Bloomberg

(Bloomberg) — China’s exports in yuan terms grew at a faster pace in September than the previous month despite a nationwide power crunch that forced businesses to cut production.

Export growth accelerated to about 20%, according to Bloomberg calculations based on official data, from 15.7% in August. September’s gain was higher than the median estimate of 13.3% in a Bloomberg survey of economists. Growth in imports in yuan slowed to 11% in September from 23.1% in the previous month.

The customs administration published data for the first nine months of the year showing exports in yuan terms climbed 22.7% from a year earlier, while imports increased 22.6%.

China will publish monthly data for September and also the value of trade in dollars later Wednesday.

Contact editor Michael Bellart (michaelbellart@caixin.com)

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