China export growth unexpectedly picks up despite power crunch; imports slow, Economy News & Top Stories – The Straits Times

BEIJING (REUTERS) – China’s export growth was faster than expected in September, as solid global demand offset some of the pressure on factories from power shortages and a resurgence of domestic Covid-19 cases. China’s exports in September rose 28.1 per cent from a year earlier, up from a 25.6 per cent gain in August. Analysts polled by Reuters had forecast growth would ease to 21 per cent. The world’s second-largest economy staged a strong rebound from the Covid-19 pandemic but there are signs the recovery is losing steam. New problems including high demand for raw materials and supply bottlenecks have…