Chinese Economic Growth Continues

Forex News

The growth of China's imports and exports accelerated in September, pointing to the fact that the world's second-largest economy continues to expand steadily, despite forecasts of a possible slowdown.

Import of China grew by 18.7% in September in annual terms, exceeding forecasts of analysts who forecast an increase of 13.5%. Export increased by 8.1%, slightly below the forecast at 8.8%. China's trade surplus narrowed to a 6-month minimum of US$28.5B in September.

China's FX reserve rose, for a 8th consecutive month, to a 11-month high of US$3.109 trillion in September from 3.07 trillion a month ago.