China Ramps Up Imports From U.S. as Trade Deal Target Looms

• China ramped up purchases of American goods in September as its economy strengthened, though it still remains far from the full-year target set out under its Phase One trade deal with the U.S.
• The monthly value of U.S. goods that China bought under the trade agreement reached a monthly record high of $9.9Bn in September as oil, soybean, and car imports surged.
• That still leaves China’s purchases at only 38.5% of a total target of more than $170Bn for the year, according to Bloomberg calculations based on Customs Administration data.

(Source: Bloomberg)