China Trade Surplus Record Quarter

In case you missed China's guilt trippin' the United States and claiming economic collapse if they are forced to quit their currency manipulation, check this out.

China Trade Surplus Caps Biggest Quarter Since 2008:

China, the world’s biggest exporter, posted a $16.9 billion trade surplus for September, capping the largest quarterly excess since the financial crisis in 2008 as pressure mounts for a stronger yuan.

Exports rose 25.1 percent from a year earlier and imports climbed 24.1 percent, the customs bureau said on its website today. The third-quarter trade gap was $65.6 billion, the most since a $114 billion surplus in the final three months of 2008.

The story gets weirder, half of the headlines claim china trade slowed dramatically when seemingly only Bloomberg got it right by the numbers. Here is the China state newspaper article, which explains some of spin on the numbers:

China's September trade surplus falls to $16.88 billion, the General Administration of Customs (GAC) said on Wednesday.

The country's exports increased 25.1 percent in September from a year earlier to $144.99 billion, but the pace of growth slowed from August's 34.4-percent surge.

The country's imports rose 24.1 percent year on year to reach $128.11 billion last month, with the growth rate down 11.1 percentage points from that in August.

China's trade surplus for the first nine months of the year totaled $120.6 billion, down 10.5 percent from the same period last year, the GAC said.

China has a $18 billion dollar surplus with the United States on trade. China's top trade partner is the United States.

Exports were $145 billion and slightly lower than July's record highs.

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