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China’s Exports Rise to Support Economy Amid Property Downturn
China’s exports (CNFREXPY) rose more than estimated in September and imports rebounded as global demand helps underpin growth in the world’s second-largest economy. Exports increased 15.3 percent from a year earlier, the Beijing-based customs administration said today, compared with the 12 percent median estimate in a Bloomberg News survey of analysts. Imports rose 7 percent, against projections for a 2 percent decline, leaving a trade surplus of $31 billion. China is benefiting from a U.S. recovery, bolstering an economy weighed down by a property slump and slowdown in industrial-output growth. Analysts forecast ... (full story)
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