TREE NEWS reports: China’s trade surplus for September came in at $133.53 billion, up from a revised $119.09 billion in the prior month. The widening surplus reflects the gap between the country’s exports and imports for the month.
China’s September trade surplus widens to $133.53B
A wider Chinese surplus mostly reflects soft imports, not just strong exports, which matters for anyone reading it as a demand signal for industrial commodities and the currencies tied to them. The composition is the real question: whether this is export strength or domestic weakness is the difference between a bullish and bearish read for global growth. Whether the import side recovers from here is the open question.
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