BAL­ANCE IN CHINA’S FAVOUR

Herald Sun - - BUSINESS DAILY -

CHINA’S trade sur­plus with the US has widened to a record de­spite a wors­en­ing tar­iff war.

The amount the US spent on im­ports from China out­stripped the value of goods it sold to China by $US34.1 bil­lion ($47.9 bil­lion) last month, ac­cord­ing to Cus­toms fig­ures re­leased yes­ter­day.

That tally was up 13 per cent from the same month a year ear­lier. The US im­ported $US46.7 bil­lion worth of Chi­nese goods in Septem­ber, while its ex­ports to China jumped by 9 per cent to $US12.6 bil­lion.

Chi­nese ex­ports to the US have stayed rel­a­tively strong de­spite be­ing hit by puni­tive tar­iffs of up to 25 per cent, ush­ered in by Pres­i­dent Don­ald Trump.

Cap­i­tal Eco­nomics econ­o­mist Ju­lian Evan­sPritchard said in a re­port for in­vestors the re­search house ex­pected trade in both direc­tions “to soften in the com­ing quar­ters”.

Septem­ber marked the sec­ond con­sec­u­tive month the Chi­nese trade sur­plus with the US set a record.

Over­all, China’s global ex­ports rose 14.5 per cent over a year to Septem­ber.

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