China’s exports dropped 0.3 percent year on year in September to 1.15 trillion yuan (US$187.906 billion), while imports grew 7.4 percent to 1.05 trillion yuan during the month, the Economic Information Daily reported Monday, citing the General Administration of Customs. Trade volume grew 3.3 percent year on year to 2.2 trillion yuan. The surprising decline in exports narrowed September’s trade surplus by 44.7 percent to 93.48 billion yuan. Ministry of Commerce researcher Bai Ming said the yuan’s appreciation, coupled with depreciation in other emerging-market currencies, piled pressure on China’s export performance during the month, the report said.
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