Tech, iron ore help drive surprise Chinese import jump
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Update time : 2020-10-13 16:19:05
China's imports surged in September, defying expectations, official data showed Tuesday, while exports rose for a fourth straight month as shops further opened up after virus lockdowns.
Shipments into the world's second-largest economy spiked 13.2 per cent last month, smashing forecasts of a 0.4 per cent increase as companies and consumers dipped into their pockets following months of coronavirus uncertainty and geopolitical tension...
Corporate buying of tech products before US restrictions hit was likely a key driver behind the "extremely strong imports", said Stephen Innes, chief global markets strategist at AxiCorp.
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