China's imports, exports surge as global economy reopens | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
China's imports, exports surge as global economy reopens

Global Economy

Reuters
13 October, 2020, 11:40 am
Last modified: 13 October, 2020, 11:43 am

Related News

  • Milestone tragedy: Chinese medical experts conduct video consultation with burn institute doctors
  • India to resume issuing tourist visas to Chinese citizens
  • Chinese hydropower project on Yarlung Zangbo River won't affect downstream flow: Envoy
  • Bangladesh delegation visits China to promote investment opportunities
  • The Vietnamese economic miracle: What lessons does it offer for others?

China's imports, exports surge as global economy reopens

China’s factory activity has also picked up as international trading gradually resumes

Reuters
13 October, 2020, 11:40 am
Last modified: 13 October, 2020, 11:43 am
Cranes and containers are seen at the Yantian port in Shenzhen, following the novel coronavirus disease (Covid-19) outbreak, Guangdong province, China May 17, 2020. Photo: Reuters
Cranes and containers are seen at the Yantian port in Shenzhen, following the novel coronavirus disease (Covid-19) outbreak, Guangdong province, China May 17, 2020. Photo: Reuters

China's imports grew at their fastest pace this year in September, while exports extended strong gains as more trading partners lifted coronavirus restrictions in a further boost to the world's second-biggest economy.

Exports in September rose 9.9% from a year earlier, customs data showed on Tuesday, broadly in line with analysts' expectations and up from a solid 9.5% increase in August.

The strong trade performance suggests Chinese exporters are making a brisk recovery from the coronavirus pandemic's hit to overseas orders. As the global economy restarts, Chinese firms are rushing to grab market share as their rivals grapple with reduced manufacturing capacity.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"A jump in imports suggests that domestic investment spending remains strong," Capital Economics Senior China Economist Julian Evans-Pritchard said. "Meanwhile, exports remained strong, most likely thanks to the recent strength of retail sales among China's major trading partners."

China's factory activity has also picked up as international trading gradually resumes.

But some analysts warn exports could peak soon as demand for Chinese-made protective gear recedes and the base effect of this year's massive declines wears off.

Imports surged 13.2%, returning to growth from a fall of 2.1% in August and much stronger than expectations for a 0.3% increase.

Graphic - China's trade recovery:

Wang Jun, chief economist at Zhongyuan Bank, said the data showed government support for the economy has kicked as the epidemic comes under control.

"This has boosted domestic demand, especially investment-led demand, which buoyed imports," Wang said.

"The other factor is the yuan's recent appreciation, which is good for imports and people's spending power."

The rise in imports pushed the trade surplus for September down to $37 billion, compared with $58.93 billion in August and lower than an expected $58.00 billion.

Already heightened US-China tensions are expected to escalate ahead of the US presidential election. China remains well behind on its pledge to boost purchases of US goods under an agreement that was launched in February.

China's trade surplus with the United States narrowed to $30.75 billion in September from $34.24 billion in August.

Top US and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal in a phone call in August.

However, US Department of Agriculture Secretary Sonny Perdue cast doubt earlier this month on the likelihood of China meeting its commitment to purchase enough agricultural products as promised in its Phase 1 trade deal.

Top News / World+Biz

China / Economy / Import - Export

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  •  ABM Khairul Haque. File Photo: Collected
    Former chief justice Khairul Haque detained
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 
  • Police officers detain alleged undocumented Bangladeshi nationals after they were arrested during raids in Ahmedabad, India, April 26, 2025. Photo: HRW
    Hundreds of Muslims unlawfully expelled to Bangladesh from India: HRW

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA

Related News

  • Milestone tragedy: Chinese medical experts conduct video consultation with burn institute doctors
  • India to resume issuing tourist visas to Chinese citizens
  • Chinese hydropower project on Yarlung Zangbo River won't affect downstream flow: Envoy
  • Bangladesh delegation visits China to promote investment opportunities
  • The Vietnamese economic miracle: What lessons does it offer for others?

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

11h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

Former chief justice Khairul Haque detained

Former chief justice Khairul Haque detained

26m | TBS Today
Why are there renewed tensions between Iran and Israel?

Why are there renewed tensions between Iran and Israel?

1h | Others
Coca-Cola is launching a 'Trump version' made with cane sugar

Coca-Cola is launching a 'Trump version' made with cane sugar

2h | Others
ISPR reports 31 dead, official tally 29

ISPR reports 31 dead, official tally 29

12h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net