China’s Trade Surplus In September Narrows To $15.2 Billion, Missing Expectations

 @AmruthaGayathri on October 11 2013 11:36 PM
Yuan
Chinese 100-yuan banknotes are seen in this picture illustration created in Beijing July 11. Reuters/Jason Lee

China’s merchandise trade surplus narrowed to $15.2 billion in September from $28.6 billion in August, data released by the country’s General Administration of Customs showed Saturday. The figure was significantly lower than $26.2 billion forecast by analysts polled by Bloomberg News before the data release.

Exports fell 0.3 percent in September on a year-on-year basis, compared with a rise of 7.2 percent in August and well below the expected increase of 5.5 percent.

In contrast, imports rose 7.4 percent in September on a year-on-year basis, compared with a rise of 7.0 percent in August and above the expected increase of 7.0 percent.

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