AGP Executive Report
Last update: 11 hours agoTrade Surge: China’s exports jumped 36.3% year on year in September and imports rose 31%, lifting the monthly surplus to $133.5 billion. The year-to-date surplus reached $938 billion, putting a new annual record in sight. Prices and Credit: Consumer inflation edged up to 0.9%, below forecasts, while factory-gate prices rose 5%—their fastest pace in more than four years. New bank lending rebounded to 1.08 trillion yuan, but record-low loan growth points to still-soft demand. US Trade: Chinese state buyers purchased 8–10 cargoes of US soybeans, the first such deals since the Trump-Xi summit, as Beijing works toward a 25-million-tonne buying target. Payments: Visa won approval to prepare a domestic card-clearing business in China, a step toward entering the country’s tightly regulated payments market. 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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