China’s exports slow sharply in September, adding to worries over the economy
China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world's second-largest economy
By ZEN SOO
Published - Oct 14, 2024, 05:56 AM ET
Last Updated - Dec 16, 2024, 06:23 PM EST
HONG KONG (AP) — China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world’s second-largest economy.
Exports rose 2.4% in dollar terms from a year earlier last month, down from 8.7% year-on-year growth in August, the Chinese customs office reported Monday. Imports rose just 0.3% in September.
Economists had estimated that exports would rise about 6% and that imports would climb about 0.9%.
China recorded a trade surplus of $81.7 billion in September, down from $91 billion in August.
