China’s Exports Surge 36.3% in September: Trade Surplus Record in Sight

China’s exports saw a significant increase of 36.3% in September compared to the previous year, surpassing economists’ expectations and marking the fastest growth since February. The surge was primarily driven by high-tech goods like semiconductors and automobiles, propelling the country towards potentially exceeding last year’s trade surplus record despite increasing pressure from trading partners, including the European Union, to rebalance trade. On the import side, China recorded a 31% increase in September year-on-year, up from August’s 28.2% rise, contributing to a US$133.5 billion trade surplus last month. The country’s trade surplus for the first nine months of the year already…