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China’s Export Growth Likely Eased in September on Electricity Curbs: Reuters Poll

BEIJING—China’s export growth likely slowed in September as electricity rationing hit production at home, while a shift in consumption towards services as developed economies reopened likely reduced global appetite for Chinese goods, a Reuters poll showed on Tuesday. Exports are expected to have risen 21.0 percent in September from a year earlier, according to the median forecast of 30 economists in the poll, after growing 25.6 percent in August. Imports also slowed, while China’s trade surplus narrowed, the Reuters poll showed. A widening power shortage in China, caused by the country’s transition to clean energy, booming industrial demand, and high commodity prices, have halted production at numerous factories, including many supplying big global brands such as Apple and Tesla. China’s factory activity unexpectedly shrank in September due to wider curbs on electricity and elevated input prices, according to an official survey. “China’s power rationing is likely to continue into Q1 …

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