China exports and imports both increase

China exports and imports both increase

However, analysts have repeatedly warned that China's growing debt mountain still poses risks to its economy.

Customs figures showed exports grew 8.1 percent and imports expanded 18.7 percent in September, compared with the same period a year ago.

The sharp decline in imports in September compares to a 1% drop in August.

The solid September readings will be welcome news for Beijing ahead of a major political leadership reshuffle next week, at which President Xi Jinping is expected to further tighten his grip on power. Imports rose 18.7%, exceeding estimates with the fastest growth since March, to result in a trade surplus of $28.5 billion.

With the wider world, China's trade is booming - exports and imports surged in September, official data showed.

China's falling imports from the North may provide some salve to the Trump administration, as China's trade surplus with the U.S. ballooned further last month.

New Orleans officer fatally shot in ambush; suspect held
Harrison said that one or two of the officers returned fire, possibly striking the suspect, who then ran into a nearby apartment. A New Orleans police officer was shot and killed early Friday while patrolling the city's east side, police said.

China's foreign trade will likely grow at a double-digit pace this year if current conditions continue, the General Administration of Customs said.

China's trade growth last month accelerated in a sign of resilient global and domestic consumer demand.

The IMF expects China's economic growth this year to slip to 6.6 percent from last year's 6.7 percent and to below 6.2 percent for next year. "The improvement in September comes even as cooling prices pressures should have weighed on trade values".

But Evans-Pritchard said the figures were skewed because there were more working days last month compared with last year's period, as the almost week-long Mid-Autumn Festival holiday was held in September 2016.

China is also in the midst of its toughest environmental crackdown ever, ordering many mills, chemical plants and coal companies to sharply reduce output or close in coming months to reduce the country's notoriously thick winter smog.

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