China exports up 10% in September to record high
Published on Oct 13, 2012 10:34 AM
BEIJING (AFP/REUTERS) - Chinese exports rose 9.9 percent in September year-on-year to a record high for a single month, the government said on Saturday.
Analysts were divided on the implications of the new figures. Some said they indicated resilience in China's trade despite an economic slowdown but others were less optimistic, warning that the performance was unsustainable in the weak global outlook.
The national customs bureau also said the trade surplus of the world's second-biggest economy, a source of friction with China's trading partners, widened to US$27.7 billion (S$33.8 billion) for the month, up from US$26.7 billion in August.
Global concern has mounted over a weakening trend in the Chinese economy, an important driver of global growth, as the broader global slowdown and the European debt crisis have recently impacted China's exports.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!