China is about to reveal important economic data at a very pivotal time for the country

by Dramelin 10:00 PM 0 comments

China is expected to report strong trade data on Friday just days ahead of a major Communist Party Congress.
Analysts polled by Reuters expected an 8.
8 percent rise in Chinese exports in September from a year ago in dollar terms.
Imports were forecast to jump 13.
5 percent in the same period.
China`s August exports were up 5.
5 percent from a year ago in dollar terms, while imports were up 13.
3 percent in dollar terms.
China`s August trade balance was $41.
99 billion, data from the General Administration of Customs showed.
China`s economic data have been showing robust growth ahead of leadership changes set to happen at the upcoming Party Congress.
But many expect the mainland`s economy to slow in the later part of the year due to a crackdown on debt and as the property market cools.