China Customs published the January to September month trade data (yuan terms) in the last hours, with both imports and exports up 22.6% and 22.7% YoY respectively.

After the release, the trade body came out with the following headlines, citing that China's trade still faces relatively many uncertain and unstable factors.

Additional takeaways

“China's measures to stabilize foreign trade are showing results. “

“Foreign trade will soften in the fourth quarter due to last year's high base. “

“Whole year trade expected to maintain relatively fast growth.”

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