AGP Executive Report
Last update: 10 hours agoTrade and Prices: China’s exports jumped 36.3% in September and imports rose 31%, lifting the monthly surplus to $133.5 billion and the first-nine-month total to $938 billion. Consumer inflation edged up to 0.9%, while factory-gate prices rose 5%, their fastest increase in more than four years. Credit and Growth: September bank lending rebounded to 1.08 trillion yuan, though record-low loan growth points to weak demand. IMF chief Kristalina Georgieva urged China to rely more on household spending and less on exports. Technology: Chinese chipmaker CXMT’s memory breakthrough rattled global chip shares. Separately, a contractor pleaded guilty to helping divert restricted Nvidia-powered servers to China in a scheme prosecutors say involved about $2.5 billion in technology. Regional Ties: A new bridge linking China and North Korea is set to open after a 12-year delay, potentially expanding cross-border trade. India says it is working to rebuild ties with China, while stressing that stable border conditions are essential. Green Shipping: China completed the world’s first ship-to-ship green-ammonia bunkering in Zhoushan, transferring 1,000 tonnes to an ammonia-powered bulk carrier.
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