The latest release of customs data shows China’s exports grew 9.9 percent compared to last year and by 2.7 percent compared to the month of August. At the same time the country’s import figures have shown a growth of 2.4 percent following three consecutive months of declines.
According to the data, China’s exports to the US increased at their fastest pace in three months, while copper imports rose to a four month high. Meanwhile, purchases of iron ore were the biggest since January 2011.
Analysts involved in a research commentary from banking giant HSBC have reacted to the data by stating that the stronger than expected rebound of September exports will be helpful in alleviating the concerns of a sharper slowdown affecting the Chinese economy.
