China's trade surplus with the U.S. hit record highs in September

China’s trade surplus with the U.S. hit a record $34.1 billion in September amid trade war

Shipping containers are seen at a port in Lianyungang, Jiangsu province, China September 8, 2018.

China's export jump for the month suggests exporters were shipping goods early to beat the latest tariffs, said ANZ's China economist Betty Wang, citing the bounce in electrical machinery exports, much of which faced the looming duties.

The volume of exports from China to Russian Federation has grown by nearly 13 percent, exceeding $35 billion.

The increase was driven by a 13 percent increase in Chinese exports to the United States in September, according to customs office data. That was well above August's 9.8 percent and a Reuters poll forecast of 8.9 percent.

President Trump has warned China that Washington is taking measures to curb the exporting of nuclear technology to China, adding that Americans were not "stupid", AFP reports as the Department of Energy released yesterday a set of measures "to prevent China's illegal diversion of us civil nuclear technology for military or other unauthorized purposes".

"We expect both to soften in the coming quarters", he said.

The move is part of the wide push from Washington against Beijing, in which the latest episode was the slapping of tariffs on US$250 billion worth of Chinese products.

Trade turnover between Russian Federation and China has been rapidly growing, rising 30 percent to reach $77 billion from January to September, statistics from China's General Administration of Customs show.

China's export data has been surprisingly resilient to tariffs, possibly as companies ramped up shipments before stiffer USA duties go into effect, but factory surveys have shown export orders have been shrinking for several months.

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The officials said U.S. nuclear exports to China amounted to $170 million in 2017. Chinese leaders scrapped that deal after Trump's first tariff hikes hit.

Export numbers have been buoyed by producers rushing to fill orders before American tariffs rose, but they also benefit from "robust USA demand" and a weaker Chinese currency, which makes their goods cheaper overseas, said Louis Kuijs of Oxford Economics in a report.

Beginning a year ago, the National Security Council led a review of China's efforts to obtain nuclear material, equipment and advanced technology from US companies, government officials said in a conference call with reporters on Thursday.

Growth in overall imports for September instead showed a moderate slowdown, in line with signs the broad cooling in domestic demand.

Iron ore imports rose to their highest level in four months as steel mills ramped up output ahead of winter production restrictions.

Exports to the 28-nation European Union, China's biggest trading partner, rose 11.6 percent to $37.4 billion.

Growth in China's factory sector in September stalled after 15 months of expansion, with export orders falling the most in more than two years, a private business survey showed.

The government is also concerned about diversion for use of technology by other countries, one of the officials said.

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