"The recovery in China's economy gained new impetus on [Oct. 14] with figures showing that the decline in exports and imports slowed sharply in September. The Chinese authorities said that exports had fallen 15.2 percent in September compared to the same month last year, against a 23.4 percent decline in August...." [Financial Times] "The recovery in China's economy gained new impetus on [Oct. 14] with figures showing that the decline in exports and imports slowed sharply in September. The Chinese authorities said that exports had fallen 15.2 percent in September compared to the same month last year, against a 23.4 percent decline in August...." [Financial Times]

AFP reports that "...in the first nine months of 2009, the trade surplus stood at $135.5 billion, down 26 percent compared with the same period a year ago...." [Agence France Presse/Factiva]

Reuters adds that "...imports fell just 3.5 percent - well short of expectations of a 15.3 percent decline, the General Administration of Customs said.... The steel sector is a good illustration of the forces driving the recovery in trade and overall growth. China imported a record 64.55 million tons of iron ore in September, up 30 percent from August, and exported 19 percent more steel products, Customs said...." [Reuters/Factiva]
 
Source: World Bank

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