acceleration: That beat analysts' forecasts and was stronger than the previous month, according to CNN. The acceleration suggests China is weathering the first waves of new tariffs that the Trump administration imposed on 50 billion of Chinese exports this summer. Chinese exports rose nearly 15% in September compared with the same month a year earlier, according to government data published Friday. The big picture is Chinese exports have so far held up well in the face of escalating trade tensions, Julian Evans-Pritchard, senior China economist at research firm Capital Economics, said in a note to clients Friday. The yuan has slumped about 9% versus the US dollar over the past six months as investors have become more concerned about the health of China's economy. Mnuchin says he's watching China's currency moves as the trade war escalates Chinese exports are benefiting from the drop in the value of the country's currency.
(news.financializer.com). As
reported in the news.
Tagged under acceleration, summer topics.