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.
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...