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.
Gayathri writes about geopolitics and business for International Business Times. She began her career at the Times of India as news coordinator, before moving on to IBTimes...