Quick Take: China Trade Recovers on Domestic, Foreign Demand

Quick Take: China Trade Recovers on Domestic, Foreign Demand

China's September natural gas imports rose 3.3 percent to their highest since December previous year, according to Reuters calculations based on official data, as one of the world's top energy markets shored up fuel supplies ahead of winter demand.

For the year to date, gas imports were 48.38 million tonnes, up 22.3 percent, a statement from the General Administration of Customs showed.

Trade surplus shrank 17.7 percent to 2.03 trillion yuan in the same period.

BEIJING-China's exports grew for a seventh straight month in September, on continued strength in external demand for goods from the world's second-largest economy.

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Analysts polled by Reuters expected an 8.8 percent rise in Chinese exports in September from a year ago in dollar terms. But the growth was still below the median forecast for 10% growth in a Bloomberg News survey of economists.

Imports had been expected to rise 13.5 percent, roughly in line with the 13.3 percent expansion seen in August.

China is expected to report strong trade data on Friday just days ahead of a major Communist Party Congress.

Both the trade volume and the share of private enterprises increased, as their combined volume rose 17.8 percent and accounted for 38.5 percent of the total, larger than the share for the same period of past year. The trade surplus was the lowest in six months.

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