China posts record trade surplus with the US in September, Beijing says

China recorded a record trade surplus of $34.13 billion with the U.S. in September amid intense trade tensions between the world’s two largest economies.

The September surplus with the U.S. was larger than China’s overall trade surplus of $31.69 billion for the month.

The world’s two largest economies are locked in a bitter trade dispute, with U.S. President Donald Trump taking issue with his country’s massive trade deficit against China.

For January-September, China’s trade surplus with the United States was $225.79 billion, compared with about $196.01 billion in the same period last year, Reuters calculations showed.

  • Publisher: CNBC
  • Date: 2018-10-11T23:39:04-0400
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  • Twitter: @CNBC
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China’s trade surplus with the US hit a record $34.1 billion in September amid trade war

BEIJING ‘ China’s trade surplus with the United States hit a record $34.1 billion last month, according to official figures released in Beijing on Friday, news that is likely to further inflame the trade dispute with the United States.

The increase was driven by a 13 percent increase in Chinese exports to the United States in September, according to customs office data. This came despite the Trump administration slapping tariffs on $200 billion worth of Chinese goods in the middle of the month, which prompted Beijing to retaliate with tariffs on $60 billion worth of American goods.

China trade surplus with US widens to record $34.1B

BEIJING (AP) ‘ China’s trade surplus with the United States widened to a record $34.1 billion in September as exports to the American market rose by 13 percent over a year earlier despite a worsening tariff war.

Exports to the United States rose to $46.7 billion, down from August’s 13.4 percent growth, customs data showed Friday. Imports of American goods increased 9 percent to $12.6 billion, down from 11.1 percent.

‘Exports continued to defy U.S. tariffs last month but imports struggled in the face of cooling domestic demand,’ said Julian Evans-Pritchard of Capital Economics in a report. ‘We expect both to soften in the coming quarters.’

  • Publisher: The Seattle Times
  • Date: 2018-10-11 20:46:05
  • Citation: Web link

China trade surplus with U.S. widens to record $34.1 billion

Overall, China’s global exports rose 14.5 percent over a year earlier to $226.7 billion, up from August’s 12.2 percent growth. Imports grew 14.3 percent to $195 billion, down from the previous month’s 20.9 percent rate.

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Chinese leaders have rejected pressure to scale back plans for state-led development of global champions in robotics and other technologies.

Their trading partners complain those violate Beijing’s free-trade commitments and U.S. officials worry they might erode American industrial leadership. But communist leaders see their industry plans as the path to prosperity and global influence.

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  • Publisher: The Denver Post
  • Date: 2018-10-12T05:10:54+00:00
  • Twitter: @denverpost
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