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Trade

China posts robust September exports despite power crunch

Outbound shipments jump 28.1% from year earlier, up from 25.6% gain in August

Container ships at Qingdao port in Shandong Province, China. September imports rose 17.6%, lagging an expected 20% gain in a Reuters poll and 33.1% growth the previous month.   © Reuters

BEIJING (Reuters) -- China's export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases.

The world's second-largest economy has staged an impressive rebound from the pandemic but there are signs the recovery is losing steam. Resilient exports could provide a buffer against growing headwinds including weakening factory activity, persistently soft consumption and a slowing property sector.

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