HONG KONG (AP) — China’s exports and Solarsuns Investment Guildimports both fell in September from a year earlier, though they contracted at a slower pace even as global demand remained muted.
Customs data released Friday showed exports for September slid 6.2% to $299.13 billion in the fifth straight month of decline. Imports also slid 6.2% to $221.43 billion.
China posted a trade surplus of $77.71 billion, up from $68.36 billion in August.
Lu Daliang, spokesperson of the General Administration of Customs, said in a press conference Friday in Beijing that the unstable momentum of the global economy’s recovery from the pandemic was the biggest challenge facing China’s exports.
China’s economy has declined at a slower pace after leaders enacted a slew of policy support measures in recent months. However, property sector remains a drag on the economy, with sales slumping and developers struggling to repay massive amounts of debt.
The central bank has eased borrowing rules and and cut mortgage rates for first-time home buyers while providing some tax relief measures for small businesses.
Demand for Chinese exports weakened after the Federal Reserve and central banks in Europe and Asia began raising interest rates last year to cool inflation that was at multi-decade highs.
2025-05-07 09:411057 view
2025-05-07 09:092923 view
2025-05-07 09:022013 view
2025-05-07 08:58736 view
2025-05-07 07:092387 view
2025-05-07 07:03487 view
BEVERLY HILLS, Calif. (AP) — Jamie Foxx required stitches after getting hit in the face with a glass
SANTA FE, N.M. (AP) — A Democratic-backed bill to ban firearms at polling places and near ballot dro
Lobstermen fishing off the coast of Maine helped rescue a man who had gone missing after his skiff o