This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.rt.com/business/537320-china--us-trade-balance/

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
China’s trade surplus with US surges to record $42bn in September China’s trade surplus with US surges to record $42bn in September
(6 days later)
Shipping bottlenecks and other trade-related disruptions partially attributed to Covid-19 outbreaks led to a slowdown of China’s import and export growth in September, according to the country’s customs data revealed on Wednesday.Shipping bottlenecks and other trade-related disruptions partially attributed to Covid-19 outbreaks led to a slowdown of China’s import and export growth in September, according to the country’s customs data revealed on Wednesday.
Exports increased by 28.1% to $305.7 billion, marking a slight slowdown compared to the 33% growth reported in August, but exceeding a 21% surge projected by economists.Exports increased by 28.1% to $305.7 billion, marking a slight slowdown compared to the 33% growth reported in August, but exceeding a 21% surge projected by economists.
Meanwhile, imports grew by 17.6% to $240 billion, less than the previous month’s 26% and below the 20% growth estimated by analysts polled by Reuters.Meanwhile, imports grew by 17.6% to $240 billion, less than the previous month’s 26% and below the 20% growth estimated by analysts polled by Reuters.
The slowdown is attributed to the disturbance in industrial supply chains that continue to persist after the pandemic-related global economic downturn in 2020. Moreover, rising Covid-19 infection rates in major markets, including the US, are still chilling consumer sentiment.The slowdown is attributed to the disturbance in industrial supply chains that continue to persist after the pandemic-related global economic downturn in 2020. Moreover, rising Covid-19 infection rates in major markets, including the US, are still chilling consumer sentiment.
China's politically sensitive trade surplus with the United States surged to a monthly record of $42 billion. Sales of Chinese goods to the US increased by nearly 30% from a year ago, while imports climbed by just under 17%.China's politically sensitive trade surplus with the United States surged to a monthly record of $42 billion. Sales of Chinese goods to the US increased by nearly 30% from a year ago, while imports climbed by just under 17%.
In September, the US remained China’s largest trade partner on a single-country basis.The volume of imports of soybeans, of which the US is the largest supplier, dropped 30% compared to the same period a year ago, although the value in monetary terms rose by about 10%.In September, the US remained China’s largest trade partner on a single-country basis.The volume of imports of soybeans, of which the US is the largest supplier, dropped 30% compared to the same period a year ago, although the value in monetary terms rose by about 10%.
For more stories on economy & finance visit RT's business sectionFor more stories on economy & finance visit RT's business section
Dear readers and commenters,
We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.
Sorry for the inconvenience, and looking forward to your future comments,
RT Team.