Date
24 May 2017
Chinese exports fell 3.7 percent in September, less than economists expected. Photo: Bloomberg
Chinese exports fell 3.7 percent in September, less than economists expected. Photo: Bloomberg

China exports and imports fall as economy struggles

China’s exports and imports fell in September as global demand remained weak.

The figures indicate that the world’s second-largest economy continues to struggle into the end of the year, The Wall Street Journal reported.

Some economists had expected a larger decline in exports.

However, they said the data offered a further indication that figures for China’s third-quarter economic growth, due to be released next week, will likely fall below Beijing’s target of about 7 percent for the whole year.

HSBC economist Ma Xiaoping was quoted as saying year-end trade figures tend to pick up, because of Christmas shipments.

“But if you factor in seasonal factors, I don’t see much improvement in global demand,” she said.

General Administration of Customs figures show Chinese exports fell 3.7 percent in September from a year earlier in US dollar terms, following a 5.5 percent drop in August.

Imports in September fell 20.4 percent from a year earlier, compared with a 13.8 percent decrease in August, the customs agency said Tuesday.

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