China’s Exports unexpectedly dropped in September, but even so, its Trade Surplus expanded, as imports tanked more-than-expected. China’s Exports or outbound shipments in the Yuan terms fell by 0.7% year-on-year in September, the official data released a few minutes before press time showed. The outbound shipments were forecasted to rise by 1.5%. The Exports had risen by 2.6% in the preceding month. Meanwhile, Imports or inbound shipments tanked by 6.2% year-on-year in September. The market was expecting a 2.3% drop following August’s 2.6% slide. Hence, Trade Surplus expanded to CNY 280 billion in September from August’s 239.6 billion. The slide in Imports indicates a weakening of domestic demand conditions. As a result, fears of a deeper economic slowdown may resurface, leading to risk aversion in the global markets. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple price analysis: XPP/USD defiantly flexing bullish muscles FX Street 4 years China's Exports unexpectedly dropped in September, but even so, its Trade Surplus expanded, as imports tanked more-than-expected. China's Exports or outbound shipments in the Yuan terms fell by 0.7% year-on-year in September, the official data released a few minutes before press time showed. The outbound shipments were forecasted to rise by 1.5%. The Exports had risen by 2.6% in the preceding month. Meanwhile, Imports or inbound shipments tanked by 6.2% year-on-year in September. The market was expecting a 2.3% drop following August's 2.6% slide. Hence, Trade Surplus expanded to CNY 280 billion in September from August's… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
