CHINA's exports rose 15.3 per cent in September from a year earlier, and quickening from August's 9.4 per cent rise.
Imports rose seven per cent in terms of value. Iron ore imports rebounded to the second highest level this year and monthly crude oil imports rose to the second highest on record, reported Reuters.
As a result, China posted a trade surplus of US$31 billion in September, down from $49.8 billion in August.
Most analysts expect China's exports to stay relatively robust in the coming months as the US economy strengthens.
However, the analysts say it is too early to see a pick-up in China's domestic demand as its property market continues to cool, weighing on the broader economy.
"We expect the surge in import growth to prove short-lived," China economist at Capital Economics, Julian Evans-Pritchard, was cited as saying a research note.
China's surprisingly strong trade performance in September may reduce the chances of aggressive policy action such as an interest rate cut, but the prospects of a prolonged property slump suggests more measures are still needed to shore up the economy.
With the euro zone and Japanese economies floundering, a bounce in China's exports and imports would be welcome news for the world economy and investors increasingly worried about flagging global growth.
But economists said it was too early to tell if China's trade sector has turned the corner, noting that its unexpectedly buoyant imports last month could be due to one-off factors, such as factories taking advantage of sliding global commodity prices to replenish inventories of iron ore, copper and oil.
"Today's data is less good news than it appears," chief China economist at Royal Bank of Scotland in Hong Kong, Louis Kuijs, was quoted as saying.
"It suggests that China's export growth is holding up. However, the important caveat coming from the breakdown of the import data suggests that demand growth in China's own economy remains weak."
Chinese Premier Li Keqiang is forecasting the economy would grow by 7.5 per cent this year despite turbulence in the world economy.
WORLD SHIPPING
28 October 2014 - 18:16
China's exports up 15.3pc, imports up 7pc in September
CHINA's exports rose 15.3 per cent in September from a year earlier, and quickening from August's 9.4 per cent rise.
WORLD SHIPPING
28 October 2014 - 18:16
China's exports up 15.3pc, imports up 7pc in September
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