China Sept unwrought copper imports hit highest since March
Oct 13 2017 by Johnny Bowman
Imports in September expanded 18.7% from a year earlier, compared with a 13.3% gain in August.
His remarks appeared to have been directed at a CNN report on Wednesday that said North Korean seafood was making its way into the Chinese city of Hunchun despite the latest ban.
In line with UN Security Council Resolution 2375, China fully banned the imports of North Korean textile products from September 23rd. Copper imports were the highest since March.
Exports increased 12.4 percent to 11.16 trillion yuan, while imports surged 22.3 percent to 9.13 trillion yuan, the General Administration of Customs (GAC) said.
The September trade surplus reached $28.5 billion, compared to $47 billion in August.
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That left the country with a trade surplus of $28.47 billion, less than the near $40 billion expected and down from around $42 billion in August. House says that part of the pick-up comes amid shift in the timing of the Mid-Autumn Festival, leading to more working days last month than in September 2016.
Commerce Secretary Wilbur Ross recently pressed China on the "need to rebalance bilateral trade and investment relations" and urged it to take "meaningful action" on trade issues. US officials have resumed criticizing Chinese policy after President Donald Trump said in April he would temporarily shelve disputes while Washington and Beijing cooperated on North Korea.
BEIJING-China's exports grew for a seventh straight month in September, on continued strength in external demand for goods from the world's second-largest economy.
With the European Union, China's exports rose 10.4 percent and imports 30.9 percent.
However, analysts have repeatedly warned that China's growing debt mountain still poses risks to its economy.