In September, Chinese exports rose over 21 per cent year-on-year, to USD136.4 bn, widening the trade surplus to a new record USD29.3 bn, according to the Ministry of Commerce.
The 21.5 per cent rise in exports in September comes after a similar
gain in August. Imports also increased sharply, to USD107.1 bn, up 21.3
per cent. The resulting trade surplus hit USD29.3 bn, a figure that is
slightly higher than the August surplus of USD28.7 bn.
Statistics show that exports of machinery and electronics are strong,
while garments, shoes and furniture are weakening. Bloomberg reports
that garment exports from January to September rose only 1.8 per cent,
compared to 23 per cent in the same period in 2007.
Exports to the United States slowed by 11.2 per cent from January to September.
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