chinaeconomy.jpg (Photo : Reuters)
China's General Administration of Customs (GAC) has recorded the fastest monthly exports growth since March 2013, with recent September 2014 turnout hitting 15.3 percent or $213.7 billion more than the previous year.
"We hope the strong momentum to continue in the fourth quarter," said Zheng Yuesheng, GAC spokesman.
Every year, China's imports increase by 7 percent, with September imports revenue amounting to $182.7 billion. The total trade volume rose 11.3 percent, equalling $396.4 billion. Trade surplus was $31 billion, more than double from last year.
According to Zheng, the good standing of China's trade, despite issues in the global economy, can be attributed to the government's recent measures to stabilize foreign trade, significantly by supporting "imports of digitalized and intelligent equipment" and accelerating the "implementation of free trade zone."
For the January-September period, imports rose 1.3 percent ($1.46 trillion) and exports 5.1 percent ($1.7 trillion). Trade surplus rose 37.8 percent ($231.6) during the same period.
Trading with partner countries in the European Union, the U.S. and ASEAN nations also went up between 5 percent and 10 percent.
Despite these positive indications, Industrial Bank chief economist Lu Zhengwei said that China's fortune will soon be halted.
"The rejoice will be short-lived and sadness will return soon," Lu said, who predicted a lag in exports in the fourth quarter due to trade fluctuation that China previously had.
