China's exports likely grew by double-digits in September

Key points

• China's September exports were forecast to rise 25.5% year-on-year, a Reuters poll showed.
• September imports were expected to grow 24.5%, down from 28.2% in August.
• The U.S. and China plan to roll back tariffs on $30 billion worth of goods each.

China's exports were expected to grow 25.5% in September from a year earlier, according to a Reuters poll released ahead of Wednesday's data. That would mark a modest pickup from the prior month.

The poll forecast September imports rising 24.5% year-on-year, slower than August's 28.2% growth. Earlier this year, China's exports and imports each grew at their fastest pace in five years.

What is driving trade

Demand for China-made parts for data centers that power artificial intelligence has helped fuel exports, the article said. Stabilization in tensions with the U.S., China's largest trading partner on a single-country basis, also contributed.

Import growth has been supported by AI-related demand and a rise in prices of core products. Global scrutiny of the economic impact of China's surging exports has grown in recent years amid sluggish domestic demand.

Tariff and EU developments

Last month, the U.S. and China announced plans to roll back tariffs on $30 billion worth of goods from each country and extend a broader trade truce by two months to January.

The European Union said last week that China agreed to halve its exports of hybrid-powered cars to the bloc, following high-level trade talks in Beijing.