China's trade surplus widens to $27.67bn in SeptOctober 13, 2012 - 14:41 AMT PanARMENIAN.Net - China's trade surplus widened to $27.67 billion in September from $26.66B the previous month, the Chinese government said Saturday, Oct 13, according to CNN. 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. 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. 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. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |