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China — World Affairs

China’s Exports Surge 36.3% In September As Trade Surplus Widens

China recorded a trade surplus of $133.5 billion in September, up from $119.1 billion in August.

,   and  TIPP Staff
2 min read
China's trade surplus nears record as pressure mounts from trading partners. Pic via(@WashTimesLocal)

China’s exports surged 36.3% year over year in September, accelerating from August’s 25% increase and exceeding expectations, according to customs data released Wednesday. Imports also rose sharply, climbing 31%.

Shipments of high-tech products, including semiconductors and automobiles, helped drive export growth amid continued global demand for infrastructure-related goods.

China recorded a trade surplus of $133.5 billion in September, up from $119.1 billion in August. The surplus for the first nine months of the year reached $938.11 billion.

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The strong trade performance follows a September meeting between Chinese President Xi Jinping and US President Donald Trump in Washington, where the two sides extended their tariff truce and agreed to reduce tariffs on $30 billion worth of goods.

Despite European Union restrictions affecting hybrid vehicle exports, China remains on track to pursue its annual economic growth target of 4.5% to 5%, supported by robust export momentum.

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Analysts say tariffs alone may not stop China’s advance because Chinese manufacturers also benefit from lower costs, supply chains and rapid product development.
tippinsightsTIPP Staff

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