China must be selling its exports somewhere, although it is hard to guess who the buyers might be as most of the world’s economy is mired in recession, or nearly so.
The Wall Street Journal reports:
Exports were at a record monthly level of $186.4 billion in September, rising a solid 9.9% from a year ago, data from the General Administration of Customs showed Saturday. This was much higher than the 2.7% rise in August and well above the median forecast of 5.0% by 13 economists in a Dow Jones Newswires survey.
Douglas A. McIntyre