China’s Sept Exports Down 6.2％, Imports Also Drop 6.2％ with Pace of Contraction Slowing
12:33 JST, October 13, 2023
BEIJING (Reuters) — China’s exports for September shrank by 6.2% from a year earlier, while imports also declined by 6.2%, customs data showed on Friday, both contracting at a slower pace and adding to recent evidence that the world’s second-biggest economy is stabilizing.
A Reuters poll of economists had forecast a fall of 7.6% in exports and a drop of 6% in imports.
The $18 trillion economy has shown signs of improvement recently, thanks to a slew of support measures released by policymakers in recent months, but the crisis-hit property sector remains an impediment to a solid recovery.
China posted a trade surplus of $77.71 billion in September, compared with a $70 billion surplus expected in the poll and $68.36 billion in August.
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