China's September trade surplus down 44.7%
BEIJING (AFP) - China's trade surplus narrowed to a disappointing US$15.2 billion (S$18.9 billion) in September from US$28.6 billion in August, customs figures showed on Saturday.
Exports fell 0.3 per cent year-on-year to US$185.64 billion last month, while imports increased 7.4 per cent to US$170.44 billion, the figures said.
The September trade result was worse than expected with a survey of nine analysts surveyed by Dow Jones Newswires forecasting a trade surplus of US$27 billion.
China's trade performance is a key element of the country's economic growth figures, the latest of which for the third quarter through September are due for release on next Friday.