News about exports

China's economy grew 4.5% in the July–September quarter from a year earlier, faster than the 4.3% in April–June, which was the slowest pace in more than three years, thanks to robust exports. The annual growth target is 4.5%–5%, down from 5% last year, and the IMF has trimmed its forecast for China's 2026 growth to 4.5%. Domestic demand remains weak amid a prolonged property slump, while exports rose 36% last month and the trade surplus reached $938 billion from January to September, putting China on track to surpass last year's record $1.2 trillion. The EU, which runs a trade deficit with China of more than $1.1 billion a day, has agreed with Beijing to roughly halve Chinese hybrid vehicle imports over the next few years, though economists say trade imbalances will be hard to resolve quickly.

China's third-quarter economic growth came in at 4.5%, rebounding from three-year lows and beating forecasts, as a surge in exports offset consumers' tight spending. Analysts warn that growing reliance on external drivers is deepening structural imbalances, while the property market remains in a downturn that has eroded household wealth over the past five years. Weak domestic demand has pushed firms such as Zhang Chao's motorbike headlight maker to shift toward exports, while fierce price wars are forcing companies to cut costs, including payroll. Trade surpluses with Germany and France each jumped more than 200% year-on-year in September, prompting the EU to agree to limit hybrid car exports and plan further curbs. The 5.2% unemployment rate may be flattered by the gig economy, where anyone working even one hour a week counts as employed; Societe Generale economist Michelle Lam warns that without a shift toward supporting household incomes, China risks a prolonged period of low inflation and sub-par growth.

China said its economy grew 4.5% from a year earlier in the July-September quarter, faster than the 4.3% pace in the previous quarter, driven by robust exports. Domestic demand remained weak, as a years-long property downturn has squeezed household wealth and driven up savings. Exports grew 36% last month, and the trade surplus reached $938 billion from January to September, on track to surpass last year's record $1.2 trillion. The European Union, where the deficit with China exceeds $1.1 billion a day, is pressing Beijing to rebalance trade, as exports to the EU rose 16% in the first nine months of the year. Analysts warn that this export-reliant growth model has created limited job gains, while the yuan is accused of being undervalued.

China's economy grew 4.5% in the July–September quarter from a year earlier, faster than the 4.3% pace in April–June, driven by strong exports and moving it closer to the 4.5%–5% annual target. Domestic demand remains weak, weighed down by a prolonged property slump, and economists warn the headline growth figure increasingly masks disparities across industries, regions and households. Exports rose 36% last month, and the trade surplus reached $938 billion from January to September, putting China on track to surpass last year's record $1.2 trillion. The EU, which runs a trade deficit with China of more than $1.1 billion a day, is pressing for rebalancing after the two sides agreed to roughly halve Chinese hybrid vehicle imports. Some partners argue an undervalued yuan has added to the surplus, a claim China's central bank rejects.

China's GDP grew 4.5% year on year in the third quarter of 2026, beating the 4.4% forecast and rebounding from 4.3% in the second quarter, a three-year low. Growth averaged 4.6% over the first nine months, in line with Beijing's 4.5%–5% target for the year, driven by tech exports and a record monthly trade surplus of US$133.5 billion. However, retail sales rose only 1.1% in September, urban fixed-asset investment fell 7.2% and property development investment slumped 20.6% in the first nine months. Producer prices rose 5% mainly on fuel costs, while consumer inflation stayed below 1%, pointing to weak domestic demand. Economists said the prolonged housing crisis and supply-demand imbalance may limit spillovers, and the strong data could reduce pressure on Beijing to deploy needed stimulus.

China's economy grew 4.5% in the third quarter, beating forecasts, as strong exports offset weak consumer spending and a prolonged property downturn. Analysts expect Beijing to reach its 2026 target of 4.5%-5.0% without additional stimulus, but warn that growing reliance on external drivers is deepening structural imbalances. Retail sales again lagged industrial output, fixed-asset investment fell 7.2% in January-September, and the job market has weakened. The yuan firmed to its strongest level since July 2022 on Monday.

China's economy grew 4.5% year on year in the third quarter, faster than the 4.3% in the second quarter and the 4.4% median forecast, lifting growth for the first nine months to 4.6%, within the 4.5%-5% annual target. ANZ's Xing Zhaopeng said bigger fiscal spending helped investment and retail sales, but the recovery remains unsolid and carries downside risk into 2027. Stronger data may give policymakers room to hold off on more easing, though property investment fell 20.6% in the first nine months and domestic demand is still soft. Exports are propping up growth, and the trade surplus is on track to exceed last year's $1.2 trillion record, drawing pressure from trade partners who want a stronger yuan, which the IMF sees as undervalued by a midpoint of 21.3%.

China's economy grew 4.5% in the July-September quarter from a year earlier, beating expectations and up from 4.3% in April-June, which was the slowest pace in more than three years. The growth brings Beijing closer to its 2026 target of 4.5%-5%, although the IMF has cut its forecast for China to 4.5%. Exports rose 36% last month, and the trade surplus reached $938 billion between January and September, putting China on course to exceed last year's record $1.2 trillion, driven by high-tech goods and electric and hybrid vehicles. Domestic demand remains weak amid the property downturn, and analysts say the headline figure hides wide gaps across industries, regions and households. The EU and China agreed this month to roughly halve Chinese hybrid vehicle imports over the next few years, but European countries are considering further curbs on Chinese products.

China's third-quarter GDP grew 4.5%, beating forecasts and rebounding from three-year lows as booming exports offset weak consumer spending. Analysts expect Beijing to meet its 2026 target of 4.5% to 5% without additional stimulus, but warn that reliance on external drivers is deepening structural imbalances. Retail sales rose 1.1% in September, lagging industrial output growth of 5.5%, while fixed-asset investment fell 7.2% in January-September and the property sector remains in a downturn. Exports rose more than a third, and trade surpluses with Germany and France each jumped over 200% in September, prompting the EU to plan further curbs.

China said its economy grew 4.5% year on year in the July-September quarter, faster than expected and up from 4.3% in April-June, which had been the slowest expansion in more than three years, driven by robust exports. Beijing's full-year growth target is 4.5%-5%, down from 5% last year, and the IMF has trimmed its 2026 forecast to 4.5%, the lower end of that goal. Domestic demand remains weak, with a prolonged property slump squeezing household wealth and driving up savings. Exports rose 36% last month, and the trade surplus reached $938 billion from January to September, putting China on track to surpass last year's record $1.2 trillion. Trade partners, including the EU, which runs a trade deficit with China of more than $1.1 billion a day, are pressing for rebalancing, while economists warn that an export-reliant model could drag on global growth.

China's economy is likely to have grown 4.4% year-on-year in the third quarter, up from 4.3% in the second quarter, which was the weakest pace in more than three years, according to a Reuters poll. That still falls short of the 4.6% forecast in a July poll and below the official 4.5%–5% target, with strong exports and tech-goods demand masking weak consumption and private investment. The trade surplus widened more than expected in September and is on track to top last year's record US$1.2 trillion, likely heightening trade tensions with partners such as the EU. Beijing has added targeted rate cuts, mortgage subsidies and 550 billion yuan in unused debt quotas, and ING's Lynn Song sees room for more support to boost jobs, incomes and domestic demand. Analysts polled by Reuters expect benchmark lending rates to stay unchanged through the first quarter of 2027.

On October 8, the People's Bank of China (PBOC) issued a document on the renminbi exchange rate, rejecting claims that the currency is deliberately undervalued to gain an export advantage. China's trade growth accelerated to 15.3% in the first quarter, 18.3% in the second and 22.3% in the third, the fastest for the same period in five years, with equipment manufacturing driving nearly 90% of export growth. Exports of integrated circuits rose 99.1%, electric vehicles 72.3%, lithium-ion batteries 36.4% and wind turbine parts 22.4%. Experts attribute China's competitiveness to technology, quality and logistics rather than price, and the article cites PBOC data showing China's export share rising in periods when the RMB appreciated, suggesting the exchange rate alone cannot explain export performance.

China's gross domestic product grew 4.5% year on year in the third quarter, according to the NBS, beating the Reuters poll forecast and up from 4.3% in the second quarter. Economist Tian Yun credited strong production and exports, especially AI-related high-tech goods, with exports rising more than 36% last month and the nine-month trade surplus nearing $940 billion. Fixed-asset investment fell 7.2% over the first nine months, while retail sales rose 2.6%. Authorities target 4.5% to 5% growth this year and pledged more effective policies but are limiting large-scale stimulus, and economists expect the central bank to keep its benchmark lending rate unchanged. Consumption and private investment remain weak amid volatile energy prices and a prolonged property crisis.

The won strengthened against the US dollar as export-driven supply of dollars grew, with exporters selling USD, supported by a semiconductor boom. The BoK's average won/USD rate for the first 12 trading days of October 2026 was 1,342.6, the lowest since September 2024, compared with 1,528 in June 2026. Average daily trade surplus in September 2026 was nearly $2.5 billion, far exceeding net foreign stock selling. The BoK raised its base rate to 3% in July and August 2026, and the IMF lifted its 2026 growth forecast for South Korea to 3.3%. Analysts expect the won to trade around 1,300 per dollar by year-end, but warn volatility may persist due to Middle East risks, oil prices and foreign capital outflows from the stock market.

China's GDP grew 4.5% year on year in the third quarter, up from 4.3% in the second quarter and above the 4.4% expected in a Reuters poll, as strong foreign demand for technology goods offset weakness in property and consumption. The monthly trade surplus hit a record $133.5 billion. Still, September retail sales rose 1.1%, beating forecasts, while urban fixed-asset investment fell 7.2% in the first nine months and real estate investment dropped 20.6%, pointing to weak domestic demand. Producer prices rose 5% in September, the fastest pace in over four years, while consumer inflation stayed below 1%, limiting firms' ability to raise prices. One economist forecasts full-year growth of 4.7%, and economists largely expect the People's Bank of China to keep benchmark lending rates unchanged this year.

Finance Minister Lee Hyoung-il said South Korea's growth is projected at around 3% this year, supported by solid chip exports and higher facility investment, with momentum expected to strengthen over the medium to long term. On the sidelines of the IMF and World Bank Group meetings in Bangkok, he briefed Moody's, Fitch and S&P Global Ratings on government-led growth initiatives, including three megaprojects, the green transition and the Future Fund launching next year. The rating agencies were keen to know how the government will use strong tax revenues from the chip supercycle, and noted stable economic indicators and sound public finances despite population aging and the war in the Middle East. Lee also signed memorandums of understanding with multilateral development banks, including EBRD and CABEI, to enhance cooperation on AI.

ASML, the only supplier of the machines that print the most advanced chip patterns, reported third-quarter net sales of 11.7 billion euros and net income of 5.0 billion euros on October 14. The bigger news is that the company does not expect to build enough machines to meet customer demand in 2027 or 2028. It is looking at ways to add capacity beyond the 30% increase it had already promised, and some customers are interested in orders for 2029 and 2030. Because ASML stopped publishing quarterly orders this year, that demand is closer to a statement of intent than a contract, and customer delays and government export rules are risks the company cannot control. The article argues the shortage, rather than the monopoly, better justifies the valuation, with shares at 28.90 times next year's expected earnings versus 59.89 times over the past year.

Applied Materials supplies equipment for more steps of chip manufacturing than most rivals, and the article says that breadth is the core of its case. Customers find it costly to switch because machines must be qualified and tuned to their processes, and selling many steps together gives the company deeper knowledge of each customer's process. Its operating margin of 33.74% and return on equity of 41.07% are cited as consistent with a strong position. The article identifies pressures: the most advanced patterning step is controlled by a single Dutch company that Applied does not compete with, a few large chipmakers can push hard on price, and government export rules decide which customers it may sell to. Applied trades at 23.42 times next year's expected earnings after rising 88.83% over twelve months.

The Russian tank industry has entered a new phase, with customers increasingly demanding production technology rather than finished vehicles, according to Uralvagonzavod (UVZ) CEO Alexander Potapov. UVZ is willing to support this trend despite concerns that customers could eventually become competitors, especially India's localization demands under 'Make in India' and similar interest from Arab buyers. Because traditional markets have shrunk considerably, UVZ is turning to Africa and Southeast Asia, while continuing negotiations and improving after-sales service. UVZ tanks have been exported to dozens of countries, with India being the most prominent customer, operating about 1,000 T-72M1 and T-90S tanks.