Chinau0027s exports beat forecast amid power shortages

BEIJING: China’s export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases. The world’s second-largest economy has staged an impressive rebound from the pandemic but there are signs the recovery is losing steam. Problems including falling factory activity, persistently soft consumption and a slowing property sector have dimmed China’s economic outlook. Outbound shipments in September jumped 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…