China’s slowing economy received a boost from faster export growth in September, with external demand spilling over to increase imports of goods such as the iPhone 6.
Exports increased 15.3% from a year earlier, the biggest increase since February 2013. Imports rose 7%, against projections for a 2% decline, leaving a profit of about $31 billion, data from the Beijing-based customs administration today showed.
Export demand is helping China weather a property drop. Global view is becoming more clouded, with Federal Reserve officials highlighting rising concerns about the improving US economy’s ability to withstand foreign weakness.
Trading Tip: Chinese stocks might be at a rise due to the increase in export.
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