China’s exports beat forecast amid power shortages

Published by
Reuters

By Gabriel Crossley and Stella Qiu BEIJING (Reuters) -China’s export growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases. The world’s second-largest economy has staged an impressive rebound from the pandemic but there are signs the recovery is losing steam. Problems including falling factory activity, persistently soft consumption and a slowing property sector have dimmed China’s economic outlook. Outbound shipments in September jumped 28.1% from…

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