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NewsGlobal Economy China September exports fall -1.1 pct y/y in yuan-denominated terms
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Global Economy China September exports fall -1.1 pct y/y in yuan-denominated terms
by Cals Wed 14 Oct 2015, 01:50
- Global Economy
[size=28]China September exports fall -1.1 pct y/y in yuan-denominated terms
By Reuters / Reuters | October 13, 2015 : 10:15 AM MYTBEIJING (Oct 13): China's exports fell 1.1 percent from a year earlier in September in yuan-denominated terms, while imports tumbled 17.7 percent.
That left a trade surplus of 376.2 billion yuan ($59.45 billion) for the month, the General Administration of Customs (GAC) said on Tuesday, compared with analysts' forecasts of $46.8 billion.
Dollar-denominated figures have not yet been published. Economists had expected an export decline of 6.3 percent in dollar terms and an import decline of 15.0 percent.
China is widely expected to post its slowest economic growth in a quarter of a century this year as activity is weighed down by weakening demand at home and abroad, factory overcapacity, high debt levels and cooling investment.
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