China's exports likely grew by double-digits in September
The country's customs agency is due to release September trade data on Wednesday.
China's exports are expected to have grown by double digits in September, which would be a continuation of the strong momentum seen in recent months. This is significant because China's export sector has been a key driver of the country's economic growth, particularly during the pandemic. A strong export performance would suggest that global demand for Chinese goods remains robust, despite concerns about the impact of supply chain disruptions and rising costs.
A double-digit growth in exports would also be a positive sign for China's trade balance, which has been a source of strength for the economy. However, it's worth noting that the base effect from last year may also be playing a role, as China's exports were severely impacted by the pandemic in 2020. Additionally, there are concerns about the sustainability of China's export growth, given the ongoing global economic uncertainty and the potential for trade tensions to escalate.
Looking ahead, traders will be watching Wednesday's trade data release from China's customs agency for further insights into the country's export performance. Of particular interest will be the breakdown of export growth by region and sector, as well as any signs of changes in import trends. The data will also provide clues about the potential impact of recent policy measures aimed at managing the country's trade relationships and supporting economic growth.
Originally reported by cnbc.com. Trade-News adds analysis for finance & markets readers.