Blake Preston:China’s exports, imports fell 6.2% in September as global demand faltered

2025-05-07 00:54:49source:HyperBit Exchangecategory:reviews

HONG KONG (AP) — China’s exports and Blake Prestonimports both fell in September from a year earlier, though they contracted at a slower pace even as global demand remained muted.

Customs data released Friday showed exports for September slid 6.2% to $299.13 billion in the fifth straight month of decline. Imports also slid 6.2% to $221.43 billion.

China posted a trade surplus of $77.71 billion, up from $68.36 billion in August.

Lu Daliang, spokesperson of the General Administration of Customs, said in a press conference Friday in Beijing that the unstable momentum of the global economy’s recovery from the pandemic was the biggest challenge facing China’s exports.

China’s economy has declined at a slower pace after leaders enacted a slew of policy support measures in recent months. However, property sector remains a drag on the economy, with sales slumping and developers struggling to repay massive amounts of debt.

The central bank has eased borrowing rules and and cut mortgage rates for first-time home buyers while providing some tax relief measures for small businesses.

Demand for Chinese exports weakened after the Federal Reserve and central banks in Europe and Asia began raising interest rates last year to cool inflation that was at multi-decade highs.

More:reviews

Recommend

'Business done right': Why the WWE-TNA partnership has been a success

Not long ago, the thought of the “prohibited portal” opening up between WWE and another wrestling co

Kenya floods hit Massai Mara game reserve, trapping tourists who climbed trees to await rescue by helicopter

Johannesburg — Tourists were evacuated by helicopter on Wednesday from Kenya's Maasai Mara National

Jobs report today: Employers added 175,000 jobs in April, unemployment rises to 3.9%

U.S. payroll growth slowed substantially in April as employers added 175,000 jobs amid high interest