China saw a surprise increase in U.S. orders ahead of the Trump-Xi summit
economy2 d ago
coda.news AI summary
- U.S.-bound orders index for China rose to 13 in September, from a year earlier (negative 12) and 3 in August.
- China Beige Book surveyed 1,296 Chinese companies from Sept 1-22.
- Overall Chinese domestic and export orders remained below last year's levels; new orders weakened from August.
- A two-month extension of the U.S.-China trade truce to January kept tariffs lower and paused certain restrictions on rare earth exports and port fees.
CNBC EconomyRead original ↗
