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MNI BRIEF: China Trade Shows Positive Signs In Sep - Customs

MNI (Singapore)

China foreign trade jumped to its highest level this year in September, expanding 5.5% m/m in yuan term , the second consecutive monthly gain, Lv Daliang, spokesman ar General Administration of Customs, told reporters on Friday in a brief.

Meanwhile, sentiment among importers and exporters improved as the proportion of enterprises with increased or stable m/m orders increased by 0.8% and 1.7% respectively. The proportion of optimistic enterprises for both exports and imports rose by 1.3% and 0.7% m/m, Lv noted.

In addition, trade with traditional markets improved. In September, the y/y decline in China's exports to Japan, EU, South Korea, and the U.S narrowed by 14.1, 8.7, 8.1, and 0.5 pp. Exports to emerging markets in the Middle East, Africa, and Central Asia also accelerated. Trade with countries along the "Belt and Road Initiative" outperformed overall trade. In the first three quarters, China's trade with these countries amounted to CNY14.32 trillion, rising 3.1% y/y and accounting for 46.5% of the total import and export value, he said.


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