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In line with China, exports and imports reached document highs in September

in-line-with-china-exports-and-imports-reached-document-highs-in-september

The workers stand in the port of Qingdao, Shandong province, China on June 10, 2019.

Reuters

BEIJING – China imported and exported a record amount of goods denominated in yuan in September, Reuters reported Tuesday, citing a spokesman for national customs officials.

China's exports rose 10.2% year over year to 5 trillion yuan ($ 742.9 billion) in the third quarter, the agency said.

According to the data, imports rose 4.3% to 3.88 trillion yuan during that period.

In September, China's exports in US dollars rose 9.9% yoy – close to analysts' expectations of 10%, according to a Reuters poll.

Imports rose 13.2% in US dollars, well above the 0.3% forecast by the Reuters poll.

The global demand for Chinese medical supplies has contributed to the increase in exports in recent months. China was the first country to be affected by the coronavirus pandemic and has since become the first major economy to resume most business activity.

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– CNBC's Yen Nee Lee contributed to this report.

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Katherine Clark