China’s exports fell 5.6 percent year-on- year in yuan terms

News Hour:

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.

Avatar

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments

Translate this News

Join the Facebook Group

Click here to join the Facebook group of News Hour

Popular Posts

Sacred Games exposes Rajshri Deshpande nude [video]
Paperfly launches delivery services covering 64 districts in Bangladesh
One child dies of pneumonia every 39 seconds
Pathao and Banglalink signs MoU for promising future collaborations
World Heart Day rally organized in Guwahati
Eiza Gonzalez accidentally show Josh Duhamel Naked video on Instagram

Advertisement

News of the Month

October 2016
S M T W T F S
« Sep   Nov »
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
Scroll Up
%d bloggers like this: