Chinese exports solid in October as Covid eases overseas

Chinese exports solid in October as Covid eases overseas

China's exports rose by a better-than-expected clip in October 2021
China's exports rose by a better-than-expected clip in October 2021

SHANGHAI - China's exports rose by a better-than-expected clip in October, official data showed on Sunday, with demand strengthening in some key markets such as the United States and Covid numbers easing overseas.

The data from the world's second-largest economy also suggested that Chinese factories had kept the goods flowing out despite power outages in recent months caused by emission reduction targets, the surging price of coal, and supply shortages.

The government said last week that the power crisis was winding down thanks to a boost in domestic coal output.

Exports rose a better-than-expected 27.1 percent on-year in October, according to customs authorities, to $300.2 billion.

Imports came in slightly below analyst estimates, rising 20.6 percent in October.

In recent months, several Chinese factories were forced to halt operations due to power outages, raising concerns about global supply chains.

The squeeze had worsened as China's Covid-19 border restrictions hindered shipments of raw materials from overseas while a trade tiff with Australia exacerbated the drop in coal imports.

Do you like the content of this article?
COMMENT (4)

Speedboat catches fire, sinks off Samui, no-one hurt

SURAT THANI: A speedboat moored off a boat pier on Ko Samui island caught fire and sank late on Saturday night. Nobody was hurt.

11:03

Paetongtarn, Pheu Thai lead opinion poll in Korat

Paetongtarn "Ung-Ing" Shinawatra of the Pheu Thai Party is the most popular candidate for the post of prime minister in Nakhon Ratchasima, according to the result of a survey by the National Institute of Development Administration, or Nida Poll.

10:20

Operators ask govt for Samui cruise terminal

Surat Thani: The government is being urged to speed up the development of infrastructure for cruises with almost 100 cruise ships scheduled to visit Koh Samui during 2023-2025.

09:09