Chinese surplus widens as exports surge
October 13, 2012 -- Updated 0800 GMT (1600 HKT)
China Shipping Line ship is loaded at the main container port in Hamburg, Germany, August 2007.
- China's trade surplus widens in September to $27.67 billion
- Exports jumped almost 10% year-on-year to $186B
- Imports also rose in September, up 2.4% after three months of falls
- Trade with European Union fell, while trade with the U.S. increased
Hong Kong (CNN) -- China's trade surplus widened to $27.67 billion in September from $26.66B the previous month, the Chinese government reported Saturday.
Exports surged almost 10% in September to $186.35B, compared to the same time last year. This increase follows a year-on-year gain of just 2.7% in August.
Imports also rose in September -- up 2.4% -- after three months of consecutive falls. Total foreign trade for September increased by 6.3% to $345.03B.
In the first three quarters this year, China's foreign trade expanded by 6.2 percent to $2.84 trillion, giving the country a trade surplus of $148.31B. Exports rose 7.4 percent while imports gained 4.8 percent.
Emerging markets slow to recover
However, China's trade with its largest trade partner, the European Union, fell by 2.7% over the nine months from January. The positive overall trade figures may be attributed to a staggering 9.1% increase in China's trade with the United States, its second largest trading partner.
Islands dispute hits trade
China's trade with Japan suffered over the nine month period, falling 1.8% to $248.76B. In recent months, tension has been rising between the two countries over a set of contested islands in the East China Sea, called Diaoyu by China and Senkaku by Japan.
The dispute sparked hundreds of protests across China and calls for a boycott of Japanese-made goods. During September, sales of Japanese cars fell between 35% and 50%, according to earnings reports from Toyota, Honda, Nissan, Mazda and Mitsubishi.
However, the short-term impact of the dispute unrest was expected to be limited, according to a report released last month by credit rating and research company Moody's. The report said that the longer-term effect of the dispute was harder to predict, but the anti-Japanese sentiment in China could lead to loss of access for Japanese manufactured goods.
Part of complete coverage on
April 10, 2014 -- Updated 1537 GMT (2337 HKT)
Cyprus, the tiny Mediterranean island bailed a year ago, is starting to rebuild itself, the finance minister tells CNN.
March 13, 2014 -- Updated 1157 GMT (1957 HKT)
Mobile World Congress spans the full spectrum of untethered gadgetry Explore this year's top trends with Stuff Magazine Editor Will Findlater.
April 8, 2014 -- Updated 1203 GMT (2003 HKT)
CNN's John Defterios says India's election race will likely boil down to three simple numbers: growth, inflation and interest rates.
April 4, 2014 -- Updated 1649 GMT (0049 HKT)
More than a million Londoners live in flatshares. And while this used to be associated with students, more mature people find themselves sharing.
April 2, 2014 -- Updated 1050 GMT (1850 HKT)
Nina Dos Santos visits Baselworld the world's most prestigious event for top jewelry and watch brands.
April 2, 2014 -- Updated 1324 GMT (2124 HKT)
Will Xi Jinping's historic visit to the European Union headquarters help the Chinese leader get what he needs from the EU?
March 28, 2014 -- Updated 1328 GMT (2128 HKT)
Binnaz Saktanber says many feel trapped between their brains, telling them to leave Turkey, and hearts, which tell them to stay.
April 1, 2014 -- Updated 1057 GMT (1857 HKT)
"I thought I'd sold it," says Norwegian man who left luxury boat in marina two years -- with keys tied to railings. What happened?
April 2, 2014 -- Updated 1027 GMT (1827 HKT)
The United Kingdom is champagne's biggest export market. CNN's Isa Soares reports on what's driving sales.
March 26, 2014 -- Updated 1151 GMT (1951 HKT)
"Sorry, I don't go south of the river," was once a common refrain from London taxi drivers. Not anymore. South London is booming.
March 21, 2014 -- Updated 1834 GMT (0234 HKT)
The list of Russians targeted by Western sanctions includes people from Vladimir Putin's inner circle -- including his judo sparring partner.
March 25, 2014 -- Updated 1558 GMT (2358 HKT)
Her passion for public speaking and networking have earned Julia Hobsbawm the moniker "queen of networking." What is her secret?
Google Glass is trying to shed its public relations problem of a nerdy image by teaming up with the company behind Ray-Bans and Oakley sunglasses.
March 24, 2014 -- Updated 1337 GMT (2137 HKT)
European leaders are meeting in Brussels to discuss further sanctions against Russia. But they are likely to be cautious. Here is why.
Today's five most popular stories