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

  • Purchases of soybeans, oil surge in September, data show
  • China is still lagging its full-year target agreed with U.S.
Views of the Yangshan Container Port Ahead of China Trade Figures
Photographer: Qilai Shen/Bloomberg

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 $9.9 billion 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 $170 billion for the year, according to Bloomberg calculations based on Customs Administration data.