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

2025-05-08 05:15:35source:Quaxscategory:Scams

HONG KONG (AP) — China’s exports and Sterling 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:Scams

Recommend

A severe autism advocate responds to RFK Jr.'s research initiative

About one in 31 children in the U.S. has been identified with autism spectrum disorder, according to

Marine who died trying to save crew in fiery Osprey crash to receive service’s top noncombat medal

WASHINGTON (AP) — Alexia and Bart Collart braced for a hard visit. Marines came to their home in Arl

Why Chappell Roan Scolded VIP Section During Her Outside Lands Concert

Chappell Roan has a message for her pretentious fans: It’s time (and hot) to go!The singer-songwrite