China’s exports fell 5.6 percent year-on- year in yuan terms in September, figures showed on Thursday, as sluggish demand weighed on the world’s second-largest economy. Customs said exports fell to 1.22 trillion yuan (around $180 billion) in the month.
Imports rose 2.2 percent year-on-year to 944.79 billion yuan, with the monthly trade surplus plummeting 25.0 percent to 278.35 billion yuan, reports BSS.
“There remain obvious obstacles facing China’s foreign trade development,” Customs said in a statement.
China is crucial to the global economy and its performance affects partners from Australia to Zambia, which have been battered by its slowing growth.