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China exports surge 36.3% as trade surplus nears record

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Story summary
  • China posted a 36.3% year-on-year rise in September exports, putting it on track for a record trade surplus.
  • September imports jumped 31% YoY, leaving a $133.5 billion monthly trade surplus.
  • Exports to the United States rose 39.6% and to the EU 25.3% in September.
  • EU trade chief Maroš Šefcovic and Chinese counterpart Wang Wentao agreed to halve Chinese hybrid-car imports to the EU.