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Imports grow 17.6% in September, miss expectations

Aerial picture of Taicang port container terminal, Suzhou Metropolis, Jiangsu Province in China, Oct. 4, 2021.

Finn | Barcroft Media | Getty Photos

BEIJING — China reported disappointing development in imports in September, whereas exports beat expectations, in accordance with knowledge launched Wednesday by the customs company.

Imports in U.S. greenback phrases rose 17.6% final month from a 12 months in the past to $240 billion. That is lower than the 20% estimated by analysts polled by Reuters.

China’s exports in U.S. greenback phrases surged 28.1% year-on-year in September to $305.74 billion, beating the 21% development determine anticipated by the Reuters ballot.

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