RMB value of China’s Q3 exports grows; RMB value of Q3 imports shrinks

The value in renminbi of China’s merchandise exports in the third quarter of this year was 0.4 percent higher than a year earlier, Xinhua reports.

The Chinese government-run news agency, citing official figures, says the value in renminbi of China’s third-quarter imports fell by 2.1 percent.

The report gives no figure for either value.

The value of China’s merchandise trade in the first nine months this year fell to 17.53 trillion yuan (US$2.61 trillion), 1.9 percent less than in the corresponding period last year. The value of exports fell by 1.6 percent and the value of imports fell by 2.3 percent.

Xinhua quotes a spokesman for China’s General Administration of Customs, Huang Songping, as saying China’s trade is showing signs of becoming more stable, because the government has taken supportive policy measures, market sentiment has improved and demand for imports has risen as economic activity increases in China.

But complex difficulties at home and abroad may rein in growth in trade for some time, the report quotes the spokesman as saying.