China’s export growth slows as global demand weakens
by Bloomberg Oct 23, 2022
China’s export growth slowed in September, while imports remained weak as global demand cools.
Exports in US dollar terms expanded 5.7% last month from a year earlier, the General Administration of Customs said in a statement Monday. That was slower than the 7.1% growth in August but beat the 4% rise forecast by economists in a Bloomberg survey.
Imports rose 0.3% in September from a year earlier, unchanged from August. The trade balance increased to $84.74 billion.
The data was delayed by more than a week as the country held its 20th party congress -- a key political event during which President Xi Jinping secured a third term as head of the ruling Communist Party and consolidated his power.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
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