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China’s trade data for September showed modest growth, with exports increasing by 2.4% in U.S. dollar terms and imports rising by 0.3%. These figures were below expectations, as exports were forecasted to grow by 6% and imports by 0.9%. The slower export growth comes amid a challenging economic environment in China, with weak consumer spending and a real estate downturn.
Exports to the U.S. rose by 2.2% year-on-year, while imports from the U.S. increased by 6.7%. China’s exports to Southeast Asian nations and the European Union also saw growth, while imports from Russia fell. Inflation data released recently indicated further weaknesses in domestic demand, with the core consumer price index rising by only 0.1% in September.
Looking ahead, China’s National Bureau of Statistics is set to release third-quarter GDP figures, along with retail sales and industrial production data for September. The Chinese government has been announcing stimulus measures in response to the economic challenges, but details on fiscal policies have yet to be fully disclosed. Stocks in China have been volatile as investors assess the impact of these economic support measures.
Please note that this is a developing story, and updates may follow.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
