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China's exports surge to record as demand outweighs power crisis

China's exports surged to a new monthly record in September as strong demand ahead of year-end holidays and rising prices outweighed the effect of power shortages across the country.

The container ship NYK Daniella sails out of the Yangshan Deepwater Port in Shanghai,on Saturday, Oct. 9, 2021. China's trade figures are scheduled to be released on Oct. 13. Foto: Bloomberg photo by Qilai Shen

Exports grew 28.1% in dollar terms in September from a year earlier to reach a high of $305.7 billion, data from the General Administration of Customs showed Wednesday. That beat economists' expectations of a 21.5% gain. Import growth slowed to 17.6%, below the 20.9% forecast by economists, leaving a trade surplus of $66.8 billion.

China's exports have been a driver for the economy's rebound from the pandemic, helping to offset weak domestic spending. Demand for Chinese-made goods remained strong ahead of China's weeklong National Day holiday at the beginning of October, and as buyers ramped up orders before the traditional year-end shopping season...

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