China’s import and export growth in September was far lower than expected | Real Time Headlines

BEIJING – In U.S. dollar terms, China’s exports increased by 2.4% year-on-year in September, while imports increased by 0.3%. Customs data Shown on Monday.

Both figures were well below expectations. A Reuters survey shows that in U.S. dollar terms, China’s exports in September are expected to increase by 6% year-on-year. This will be better than Growth in August was 8.7%.

According to a Reuters survey, imports in September are expected to increase by 0.9% compared with the same period last year. That would be slightly faster than August’s 0.5% increase.

Exports have been a bright spot for China’s economy, which has been weighed down by sluggish consumer spending and a slump in real estate.

According to a CNBC analysis of official data, China’s exports to the United States, its largest trading partner, increased by 2.2% year-on-year in September, while imports from the United States increased by 6.7%.

Exports to the Association of Southeast Asian Nations, China’s largest regional trading partner, grew by 5.5% and imports by 4.2%. China’s exports to the EU grew by 1.3%, while imports fell by 4%.

Analysis shows that China’s exports to Russia surged by 16.6%, but imports fell by 8.4%.

Inflation data released on Sunday showed Further weakness In terms of China’s domestic demand.

this core consumer price indexExcluding volatile food and energy prices, the annual increase was 0.1% in September. This was the slowest since February 2021, according to the Wind Information database. Although prices related to the Mid-Autumn Festival and tourism in September fell by 2.1% year-on-year golden week holiday Starting October 1st.

China’s National Bureau of Statistics is scheduled to release third-quarter GDP on Friday, as well as retail sales, industrial production and fixed asset investment in September.

Chinese authorities have stepped up stimulus since late last month, but so far it has not been enough. Fiscal policy details Many investors have high hopes. Chinese stocks have been volatile as markets debate the ultimate impact of Beijing’s economic support.

This is a breaking news story. Please check back for updates.