China has reported its exports to the United States fell 27% in September from the year before, even though growth in its global exports hit a six-month high.

China’s exports to the United States fell 27% in September from the year before, even though growth in its global exports hit a six-month high.

Customs figures released Monday showed that China’s worldwide exports were 8.3% higher than a year earlier, at $328.5 billion, surpassing economists’ estimates. That was markedly better than the 4.4% year-on-year increase in August.

Imports grew 7.4% last month, significantly better than a 1.3% increase by year in August, although a weaker domestic economy and a real estate sector downturn continue to weigh on demand and consumption.

China’s exports to the United States have fallen for six straight months. In August they dropped 33%.

  • Buffalox@lemmy.world
    10·
    1 day ago

    China’s exports “continue to show resilience given the low costs and limited choices for replacement globally despite the higher tariffs”, said Gary Ng, a senior economist at Natixis.

    Every economist I’ve seen or heard, say that China is in way better shape to handle a trade war than USA.