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China’s Exports Climb About 20% in September Despite Energy Crisis By Bloomberg

by Mike Robinson

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© Bloomberg. NYK Daniella, a container ship, sails out from the Yangshan Deepwater Port, Shanghai, China on Saturday, 10/9/2021. The October 13th release of China’s trade data is scheduled. Photographer: Qilai Shen/Bloomberg

(Bloomberg) — China’s exports in yuan terms grew at a faster pace in September than the previous month despite a nationwide power crunch that forced businesses to cut production.

Bloomberg calculations, based on government data, show that export growth rose to 20% in September, compared to 15.7% in August. September’s gain was higher than the median estimate of 13.3% in a Bloomberg survey of economists. The September growth in yuan imports slowed from 23.1% to 11.0% the month before.

According to data published by the customs administration, imports rose 22.6% and exports in yuan terms increased 22.7% over the previous year.

China will soon publish September data, along with the trade value in dollars.

©2021 Bloomberg L.P.

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