China trade beats forecasts in September as tariff fears rise
TDT | Manama
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China's overseas trade grew at a faster pace than expected last month, official data showed yesterday, amid fresh fears of a major escalation in the tariff war between Beijing and Washington.
Exports jumped 8.3% year on year in September, the General Administration of Customs said, beating a Bloomberg forecast of 6.6 percent.Imports rose 7.4%, the data showed, significantly outpacing a Bloomberg forecast of 1.9%.
The figure marked an 8.6% rise from the $31.6 billion recorded in August.
Trump struck a more conciliatory tone on Sunday, writing in a social media post that the United States “wants to help China, not hurt it”.
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