And for those predicted the Crash of the Chinese Economy due to:
- lack of coal (lol), and - Evergrande and other property developers
Well, here are the latest data on the Chinese economy:
KEY POINTS
Imports in U.S. dollar terms rose 17.6% last month from a year ago to $240 billion. That’s less than the 20% estimated by analysts polled by Reuters.
China’s trade surplus with the U.S. rose to a monthly record of $42 billion — exports surged by about 30% from a year ago, while imports climbed by just under 17%. The U.S. remained China’s largest trade partner on a single-country basis.
Chinese imports of coal and natural gas surged, while that of soybeans and crude oil fell.
China’s exports in U.S. dollar terms surged 28.1% year-on-year in September to $305.74 billion, beating the 21% growth figure expected by the Reuters poll.
